Playing it safe: Frameworks can steady the construction ship in these choppy waters

Simon Toplass_Pagabo

In a time of uncertainty and reduced market confidence, frameworks can keep the industry moving forwards with the right level of fair and transparent competition – with added safeguards, legislative guidance, and core benefits that feed economies of scale, writes Simon Toplass.

The construction industry is no stranger to uncertainty, but the level of uncertainty we have been observing in recent weeks across the sector is probably the highest since the early days of the pandemic. A combination of tightening finances, continued insolvencies and a persistent skills shortage has created an environment where risk appetite is lower than ever.

Given the long run-up to the late autumn Budget and the new procurement regime still bedding in, contractors and consultants have been operating cautiously. This level of prudence is understandable and sensible for many, but the sector needs to remain alive to how it is reshaping competition across the market.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community