{"id":76885,"date":"2020-05-29T12:33:04","date_gmt":"2020-05-29T11:33:04","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=76885"},"modified":"2020-06-05T14:48:02","modified_gmt":"2020-06-05T13:48:02","slug":"construction-margins","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-margins\/76885\/","title":{"rendered":"Whitepaper: Walking the fine line of construction margins"},"content":{"rendered":"<h2>Identifying how to protect your construction company&#8217;s margins &#8211; find out how using technology can help you increase your accuracy<\/h2>\n<p>Protecting your company&#8217;s construction margins is crucial in <a href=\"https:\/\/www.pbctoday.co.uk\/news\/modular-construction-news\/modern-methods-of-construction-3\/61955\/\" target=\"_blank\" rel=\"noopener noreferrer\">modernising construction<\/a>, and few can doubt that construction is in dire need of modernisation.<\/p>\n<p>The title of consultant Mark Farmer\u2019s 2016 review of the industry for the Construction Leadership Council made the point starkly: \u2018<a href=\"https:\/\/www.constructionleadershipcouncil.co.uk\/wp-content\/uploads\/2016\/10\/Farmer-Review.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Modernise or Die<\/a>\u2019.<\/p>\n<p>The figures speak for themselves. According to research by McKinsey &amp; Company, <a href=\"https:\/\/www.pbctoday.co.uk\/news\/modular-construction-news\/design-for-manufacture-and-assembly\/74186\/\" target=\"_blank\" rel=\"noopener noreferrer\">productivity in construction<\/a> has increased by just 1% a year on average over the last two decades globally. That compares to 2.8% for the economy as a whole and 3.6% in manufacturing.<\/p>\n<p>The issue is not necessarily global. A report from the European Commission last year identified the UK as one of the worst performers when compared with other G7 and EU nations.<\/p>\n<h3>Slow digital uptake<\/h3>\n<p>The reason is simple. While other industries are using advances in digital technology to create efficiencies and <a href=\"https:\/\/www.theaccessgroup.com\/productivity\/\" target=\"_blank\" rel=\"noopener noreferrer\">boost productivity<\/a>, those in construction have been slow to benefit from the changes.<\/p>\n<p>The situation cannot continue. Rapid urbanisation around the world means that the demand for new and more complicated buildings will only move in one direction. In the UK, we already have a substantial shortfall in housing \u2013 the government is still some distance from its 300,000 units a year target and many experts doubt that is sufficient in any case.<\/p>\n<p>This is against the backdrop of a major skills deficit within the industry. There are not enough people with the right skills to design and construct the buildings that we need. And that is before the ongoing influence that uncertainties around Brexit are causing.<\/p>\n<p>You can access the <a href=\"https:\/\/www.theaccessgroup.com\/construction-profit-margins\/cost-management-and-planning\/?utm_source=pbc-today&amp;utm_medium=referral&amp;utm_campaign=fy20-scs-construction-margins\" target=\"_blank\" rel=\"noopener noreferrer\">full whitepaper here<\/a>.<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Identifying how to protect your company&#8217;s construction margins \u2013 find out how using technology can help you increase your accuracy.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,688,908,16989,60497,660],"stakeholder_rel_tag":[172535],"contributor_rel_tag":[],"class_list":{"0":"post-76885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-digital-construction","9":"tag-economy","10":"tag-estimating-software","11":"tag-sh-the-access-group","12":"tag-skills-shortage","13":"stakeholder_rel_tag-the-access-group"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whitepaper: Walking the fine line of construction margins<\/title>\n<meta name=\"description\" content=\"Identifying how to protect your company&#039;s construction margins \u2013 find out how using technology can help you increase your accuracy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-margins\/76885\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whitepaper: Walking the fine line of construction margins\" \/>\n<meta property=\"og:description\" content=\"Identifying how to protect your company&#039;s construction margins \u2013 find out how using technology can help you increase your accuracy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-margins\/76885\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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