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.

0 Responses to “State of the Economy Survey”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 59 other followers

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.

My Tweets

RSS The Construction Index News

  • Hackitt recommendations face political headwinds May 25, 2018
    Dame Judith Hackitt’s recommendation for building regulations to be based on outcomes and performance rather than the application of prescribed materials and procedures is running into political opposition.
  • Training drive for mental health first aiders May 25, 2018
    The Construction Industry Training Board (CITB) has committed £500,000 to train 156 construction workers as mental health first aid instructors as part of a drive to improve mental health in the UK construction industry.
  • Welsh ministers give go-ahead to delayed £135m bypass May 25, 2018
    More than three years after Balfour Beatty Jones Bros Joint Venture was awarded the construction contract, work on the £135m Caernarfon to Bontnewydd bypass has finally got the go-ahead.
  • Safety council airs concerns about self-certification May 25, 2018
    The British Safety Council has expressed concern about some of the recommendations in the Hackitt review of building regulations, including self-certification for compliance.
  • Whyte Crane gets eight-axle Liebherr May 25, 2018
    Whyte Crane Hire has taken delivery of an eight-axle Liebherr mobile crane that is the first of its type in Scotland.

%d bloggers like this: