Body sets out three key areas of focus for sector
Improvements in construction productivity could deliver 拢45bn in savings and additional value, according to new research by the Construction Leadership Council (CLC).
While productivity per worker is higher in construction than in the wider economy, the productivity per hour worked lagged 13.5% behind, the report found. Meanwhile, the cost of errors in the sector is estimated to be worth seven times the annual total profit it generates.
The CLC鈥檚 report, which drew on ONS data and existing industry research, identifies three key areas where billions of pounds of savings could be made.
The first is better preparation for projects through reforms to the planning process and improved collaboration, which it said could deliver a 17% productivity boost and 拢30bn in added value.
Maximising the use of modern methods of construction could deliver a 7% boost and 拢12.7bn in value, while 2% and 拢2.8bn could be delivered by supporting industry to do business more productively through supporting digital investment for SMEs, better utilisation of capital and improved data on productivity at a sector level.
Richard Robinson, deputy chair at CLC, said: 鈥淚mproving the construction industry鈥檚 productivity offers the UK one of our largest economic opportunities.
>>See also: 好色先生TV the Future Commission
鈥淚f we can build faster, at a reduced cost, we can spur growth and job creation across the UK 鈥� delivering the places and infrastructure our communities want and our economy needs without delay.
鈥淎t a time when construction costs and the complexities of planning policy are rightly under scrutiny within the UK, this latest report from the CLC lays out the scale of the opportunity and sets out a roadmap to partner with Government to help us realise it.
鈥淭his isn鈥檛 just something that benefits our industry 鈥� it鈥檚 something that could be transformative for the entire country.鈥�
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