好色先生TV

London鈥檚 biggest contractors are turning down one in three bidding opportunities due to increased workloads and growing skills shortages, according to a new survey by Aecom.

The global consultancy giant鈥檚 2014 London Contractors Survey, which polled main contractors with a combined UK turnover of almost 拢7bn, shows that contractors are turning down work from projects and clients they perceive to carry higher risk.

Aecom also forecast that 2014 will end with 5-6% tender price inflation in the London market, and is predicting inflation of 5.1% in 2015 and 5.3% in 2016. This contrasts with falling price levels in previous years, illustrating how the consultants say the balance of power in the industry is shifting towards contractors.

The survey also shows that labour shortages are now the primary driver for price rises, with specialists in concrete and brickwork continuing to be in demand, and growing demand for joinery and dry lining.

Aecom predicts that electrical engineers will be the next specialists to see strong pick-up in demand.

The other driver for price rises is increasing contractor margins. Aecom says that clients who have engaged in an adversarial relationship with contractors are finding the boot on the other foot, with contractors able to turn down work in favour of clients who have worked on a more collaborative basis.

Refurbishments or work on complex projects which entail substantial risk for contractors are also becoming increasingly difficult to invite contractors to bid for.

The Aecom survey also found that London contractors have on average already secured 71% of their turnover for 2015, which is higher than the 67% secured for 2014 at the same time last year.

However, it shows there are early signs that after 18 months of strong activity the market may be adjusting to a lower rate of annual growth, with contractors having only secured 26% of their work for 2016 and 9% for 2017 - with the two year pipeline figure being lower than in 2013鈥檚 poll but the three year figure marginally higher.

Aecom director Brian Smith said: 鈥淐lients are seeing sustained and increased tender prices - what we forecast a year ago has become a reality. Contractors are now becoming far more selective, assessing project attractiveness and risks.

鈥淪table relationships between clients and contractors are becoming ever more important. Procurement route, work type and the location of work are also increasingly being given as reasons to tender or not to tender, with many contractors now only willing to accept work on a negotiated basis.

鈥淗owever, it is important to remember that overall price levels are still lower than they were in 2008, and even at the rates of inflation we forecast they will not get back to their previous peak until 2017.鈥�

The full list of contractors taking part in the Aecom 2014 London Contractors Survey is Ardmore, Bam, Brookfield Multiplex, Galliford Try, Kier, Laing O鈥橰ourke, Mace, Midgard, Skanska, Walter Lilly, Wates Construction and Willmott Dixon. An additional 16 specialist subcontractors also completed the survey.