Categories: Industry 

We have seen the UK construction industry faced with some challenges lately. However, recent news provides a much-needed ray of sunshine for the sector, particularly for those in commercial construction. A survey by S&P Global indicates the industry experienced its fastest growth in two years in May 2024. While the news is encouraging, we did see a period of decline in late 2023 and early 2024. However, this survey reveals a substantial shift. We hope this signifies a renewed sense of optimism for construction firms. They are reporting increased workloads and are actively expanding their workforces to meet growing demands, which is music to our ears!

Opportunities Abound: Capitalising on the Growth Trend as a Quantity Surveyor

Here are some of our key takeaways:

• Increased Activity: The sector is experiencing a growth spurt. This translates to potential opportunities for new projects across commercial construction. We recommend a proactive approach, staying informed about upcoming tenders and proposals. Network with the relevant businesses to position yourself as a first-choice pick for those hiring.

• Housebuilding on the Rise: The survey highlights an uptick in housebuilding activity, the first since late 2022. This growth in residential construction also often translates into a rising demand for commercial spaces to support new housing developments.

• Skilled Workforce Needs: As workloads increase, the demand for skilled professionals will likely rise. This is an excellent time for construction companies to invest in your training and development, as retaining top talent will be essential. Those with housing/social housing and commercial build experience will certainly be attractive to those looking to expand their teams to accommodate extra work.

• Cost Management and Efficiency: As projects increase, we know construction companies will be laser-focused on controlling costs and maximising efficiency. The skills of a quantity surveyor will be highly sought after.

• Focus on New Technologies: The construction industry is embracing innovative technologies like Building Information Modelling (BIM). If you’re proficient in these tools and can integrate them into your work, you’ll be at a significant advantage.

The industry appears to be turning a corner, and as skilled quantity surveyors, you are poised to play a vital role in this growth. By staying informed, upskilling in new technologies, and actively seeking opportunities, you can position yourself for success in this exciting time for the sector. So, embrace the positive outlook, leverage your network, and get ready to make a significant contribution to building the future!