Construction News editor, Rebecca Evans and Allan Wilén, Glenigan economics director will discuss the findings of research by Glenigan and CNinsight into the intensifying competition among contractors for smaller and medium-sized projects.
2011 witnessed a fall in the number of construction projects and their average value, especially in the number of £100m+ projects. The research found that dwindling supply of these larger projects has prompted the top 50 contractors to focus on winning smaller-sized schemes, intensifying the competition faced by regional and local contractors.
And a growing proportion of smaller-scale projects are being delivered under long term frameworks, an area that the top firms dominate. But the market share held by the top 50 contractors has shrunk slightly, pointing to an extremely competitive market as the industry faces another challenging year in 2012.
Rebecca and Allan will discuss the impact of this trend on the construction industry during the first of a series of free webinars addressing the key topics affecting the market in 2012.
Register here for the free webinar.