Are construction firms feeling the pressure?

As one of the industries which were able to continue during the COVID-19 pandemic you might think that construction firms would be ok but according to a recent survey by the Office for National Statistics (ONS) of 3,568 construction firms, one in eight fear they will not survive past April.

Cost of labour, partly due to a drop in migrant workers, has increased prices by at least 10% and The Builders Merchants Federation also warned that high demand and import delays are causing material shortages, especially for roofing products and timber supplies.

The effects of Brexit are adding to the problems for some construction firms.

Have you delayed starting a project due to the pandemic?

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