Lack of new opportunities ahead of spending review sees value of construction pipleline fall by a third
The government鈥檚 pipeline of future construction work has fallen by 拢11bn in the six months since November, with no further work to be added until after the completion of the summer spending review.
The latest update to the government鈥檚 construction pipeline, published by the Cabinet Office this morning, showed that the value of construction work in the pipeline has fallen from 拢30.3bn in November 2012, to 拢19.2bn in May 2013 鈥 a fall of 36%.
The value of work through the professional services pipeline also fell, down from 拢7.3bn in November to 拢5bn this month.
The total value of the work pipeline fell from 拢84bn in November to 拢79bn this month.
A Cabinet Office spokeswoman said the fall in value of was due to no new opportunities being added since November, ahead of the government鈥檚 spending review, while some opportunities that were in the pipeline in November have since been contracted.
She said the fall was not due to projects being cut. 鈥淚t is a dynamic pipeline 鈥 it goes up and down as opportunities come and go,鈥 she said.
She said there were 800 opportunities still available in the construction pipeline.
She said that until government departments had confirmed there spending plans, work expected to come through the pipeline could not be updated. She said there would be a further refresh of the construction pipeline following the spending review on 26 June.
the government announced that Barbour ABI, part of UBM Built Environment, publishers of 好色先生TV magazine, had won the contract to collect, collate and publish the government鈥檚 construction and infrastructure pipeline.
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