Mark Farmer adopts the analogy of an ailing patient, with symptoms ranging from low productivity to a bad public image
The Farmer Review pulls no punches, saying that if reform is not swift and far-reaching the construction industry 鈥渨ill see a long-term and inexorable decline in its fortunes鈥.
Here are the key issues that are holding back the industry, according to the report:
- Industry could see a 25% decline in the available labour force within a decade
- 700,000 new workers will be needed in five years to replace those retiring
- Only a third of high-rise buildings are completed on time
- Construction has the highest proportion of self-employed workers of any industry, at 40%
- The aims of the industrial strategy, Construction 2025, look 鈥渋mpossible to achieve鈥 in current industry
- Contractor operating margins fell by 60% between 2010 and 2013
- Only agriculture has a lower proportion of employers engaged in training than construction
- While large firms recover the vast majority of the CITB levy paid, the smallest firms recover just 22%.
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