No light at the end of the tunnel
Posted by APM on 1st Sep 2014
More than a third of government construction projects that are currently in the pipeline have no specific completion date, according to the recent UK Government Construction Pipeline report.
The report details all government-led current and planned construction, which has a total allocated value of 116bn.
Theres more than 1,800 projects listed in the report, with almost a third based in the south-east and south-west.
While 40% of projects are scheduled to finish before 2016, Richard Threlfall, KPMGs UK head of infrastructure, building and construction, is concerned by the findings. He said: Industry confidence in the pipeline would be improved if there was certainty around timescales to get schemes delivered.
The news comes after the Universal Credit project was recently reset and started again from scratch with no clear end date in sight.
The report also showed where the most spending is taking place, with 66.2bn (60%) of forecast construction going on transport projects such as HS2. Nearly half of the projects were deemed to bring national benefits.
Richard added: We welcome the governments initiative in developing the construction pipeline, but more needs to be done to increase the completeness and robustness of the data.
We will be issuing analysis on future updates to the pipeline and we hope that there will be improvements in the data set so it becomes a reliable planning tool against which the UK construction industry can plan and invest with confidence.
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On 23 January, the Secretary of State, Greg Clark MP announced the Government’s consultation on an industrial strategy. This green paper set out a 10-point plan, with a variety of proposals ...