State of the Economy Survey

I mentioned a couple of weeks ago that we were doing a survey of our client contacts who are involved in construction disputes and that it was revealing some interesting results. Well the results are all in and the survey is closed so I thought I’d share some of the statistics with you:

  • 59% of our respondents said that framework agreements were still working well with clients;
  • 21% of those that replied felt that the proposed changes to JCT2005 in terms of the payment provision would have a positive impact on them, with 54% saying it would have no effect, the other 25% were undecided;
  • A massive 75% said they regularly worked on letters of intent!
  • 56% of replies said they were not experiencing problems getting paid from clients;
  • And finally, an impressive 85% of respondents said they were not experiencing any increase in the number of adjudications started against them from their supply chain.

The timing was ironic as we set a deadline and part of the incentive to complete the survey was a EuroMillions lottery ticket for the draw on Friday 12th February. So I’m pleased to report that we managed to take a slice of the £113 million that was shared out! Indeed, two people actually won! Someone won £6 and the other person £7.70, well what can I say… it’s the taking part that counts?!

If you are interested in the full results of our survey then visit our website to read more.

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About Me

I’m now the Managing Director of Mynott Associates Limited my own specialist measurement business. I’ve been in the industry all of my life since I left school. My first job was with Bovis Construction as a management trainee where I trained to become a quantity surveyor. I’ve worked for contractors all through my career, I am FRICS, FCIOB and MCIHT qualified and act as an RICS assessor. I’m also a keen Arsenal supporter having followed them from a young boy

For more information, please click on my photo.

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