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  • 5 Simple actions to better understand construction markets | Competitive Advantage
    help with business planning Understand key issues of importance Decisions are based not just on a Client s needs for a building but often there are other influences In recent years there has been a lot of encouragement to adopt sustainable construction The Building regulations are another important influencer often driving new product developments Know these influences and how they affect your product or service Action Regular reading of trade publications will keep you informed of changes in legislation and influences on product specificaiton A summary is also provided in our monthly eNews Our eBook Understanding the Changing Dynamics of Product Specification provides a comprehensive introduction Or read our blog for information The Decision Making Unit understanding specification influence Know the decision making unit Decisions about construction are rarely made in isolation with a string of influencers Architect Engineer Quantity Surveyor Main Contractor Specialist Contractor to name a few The introduction of BIM is encouraging greater collaboration and also making it easier You need to understand these roles how they work together and how they can influence decisions of importance to your business There are numerous research reports which can help you or consider commissioning your own research Action Stay in touch with the latest research released The CIMCIG website is a good starting point Competitive Advantage also provides a number of reports Or consider completing tailored research See our blog for more information The 5 essential elements of an awesome research brief In summary While the construction industry is complex there is a lot of support available to help you understand it Knowing the history of the industry provides a good foundation for understanding the construction supply chain and the Decision Making Unit Monitoring construction forecasts and regular reading of trade publications provides an understanding of changes in legislation

    Original URL path: http://www.cadvantage.co.uk/5-simple-actions-to-better-understand-construction-markets/ (2016-02-12)
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  • Understanding construction market forecasts – how they can help with business planning | Competitive Advantage
    differ depending on their sources of information and attitude to promised initiatives happening Other forecasts such as those from Glenigan and Barbour ABI are fact based measuring changes in planning applications in the construction industry These are shorter term and tend to only forecast forward into the coming 12 months yet are updated more regularly These forecasts can give a more detailed view of what will happen within the construction industry in the short term UK construction making the most of market forecasts It is important to keep informed of changes in the construction market and its sectors Monitoring changes and understanding industry forecasts can help inform your strategy making sure you are well placed to make the most of new opportunities It is important to know which sectors are growing and specifically which are growing the quickest This is where the opportunities are Noble Francis Economics Director at the CPA Forecasts we can help you to reduce uncertainty and benchmark your performance against the sectors you operate in As construction activity increases you might see a 3 per cent increase in your business Is this good or bad If the market has grown by just 2 per cent it is very good But if the market has increased by 5 per cent then you are losing share and missing opportunities Suddenly that 3 per cent increase does not look so good Forecasts can also inform your sales and marketing strategy ensuring you are well placed to meet an increase in demand They can confirm if you are operating in the right market sectors and help you identify new market sectors to move into and which customers to target To be effective it is not good enough to just look at the figures published by the CPA or Experian you need to understand how individual sections of the market will impact your business For example you might have more success with projects in retail than in education So although spending on education is expected to increase in the next couple of years a small rise in retail activity might have much more impact on your business It is important you understand your own business for each sector what proportion of projects have a need for your services For each project what business value does it represent to you Combine all of this information and you can start to create a forecast for your own business a forecast that is much more specific than just overall market activity and will help you to plan your own resources Competitive Advantage can provide a construction market forecast with quarterly updates tailored to the opportunities in your sectors This exercise is relatively low cost and can help you anticipate any potential threats and indeed be well placed for new business opportunities Contact us to find out more Conclusion Regularly reviewing construction forecasts can help you to Clearly identify the future demand for construction goods and services Identify trends in the construction market ahead of

    Original URL path: http://www.cadvantage.co.uk/understanding-construction-market-forecasts-how-they-can-help-with-business-planning/ (2016-02-12)
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  • Noble Francis | Competitive Advantage
    private housing repair maintenance and improvement rm i sector worth 15 billion per year it s vital to understand what drives it especially when as in the financial crisis of 2008 09 work in the sector fell 13 around 2 billion As an economic forecaster what we re essentially trying to do is find Construction industry knowledge hub Construction market activity Understanding the construction industry Construction Market Outlook preparing for future challenges Posted on April 26 2013 updated on January 18 2016 by Helen Leave a comment At the start of last year many companies were optimistic about prospects for 2012 but as the months passed that optimism faded as the small growth expected failed to materialise The latest figures for the UK economy show that we have narrowly avoided a triple dip recession The economy grew by 0 3 in the first Construction industry knowledge hub Construction market activity Understanding the construction industry Learn more about Building Information Modelling Communicating with the industry Construction market activity Effective specification strategies Marketing in construction Sustainability Understanding the construction industry Understanding your customer n Select by type n Blog News Article Report eBook Youtube Video Book Review Slideshare Infographic Event Twitter Chat

    Original URL path: http://www.cadvantage.co.uk/tag/noble-francis/ (2016-02-12)
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  • RM&I | Competitive Advantage
    knowledge hub Knowledge hub Useful links Events Competitive Advantage RM I Knowledge hub home RM I Forecasting Private Housing Repair Maintenance and Improvement guest blog by Noble Francis Posted on October 14 2015 by Helen Leave a comment If you re operating in the private housing repair maintenance and improvement rm i sector worth 15 billion per year it s vital to understand what drives it especially when as in the financial crisis of 2008 09 work in the sector fell 13 around 2 billion As an economic forecaster what we re essentially trying to do is find Construction industry knowledge hub Construction market activity Understanding the construction industry Learn more about Building Information Modelling Communicating with the industry Construction market activity Effective specification strategies Marketing in construction Sustainability Understanding the construction industry Understanding your customer n Select by type n Blog News Article Report eBook Youtube Video Book Review Slideshare Infographic Event Twitter Chat Construction Sales Marketing eNews Get the latest in Construction Sales Marketing news straight to your inbox once a month REGISTER NOW Construction reports eBooks webinars and course bookings BROWSE Tell us how we can help We are happy to talk through your construction sales and

    Original URL path: http://www.cadvantage.co.uk/tag/rmi/ (2016-02-12)
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  • House Price Index | Competitive Advantage
    comment The ONS have released their Output in the Construction Industry June 2015 and Quarter 2 figures These show that in Q2 2015 output was estimated to have increased by 0 2 compared with Q1 2015 Also that between Q2 2015 and Q2 2014 estimated output increased by 2 4 This saw all new work increase by 1 0 Construction industry knowledge hub Construction market activity June construction market overview Posted on June 17 2015 updated on July 2 2015 by Michael Prince 2 Comments The ONS have released a statement defending their UK construction output data The statement says that ONS figures were the biggest and best measure of the UK construction sector This follows criticism for accuracy of their data by construction economists last month due to the ONS figures suggesting the construction sector entered recession at the Construction industry knowledge hub Construction market activity Learn more about Building Information Modelling Communicating with the industry Construction market activity Effective specification strategies Marketing in construction Sustainability Understanding the construction industry Understanding your customer n Select by type n Blog News Article Report eBook Youtube Video Book Review Slideshare Infographic Event Twitter Chat Construction Sales Marketing eNews Get the latest

    Original URL path: http://www.cadvantage.co.uk/tag/house-price-index/ (2016-02-12)
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  • Marketing Activity | Competitive Advantage
    about us Case studies knowledge hub Knowledge hub Useful links Events Competitive Advantage Marketing Activity Knowledge hub home Marketing Activity September construction market overview Posted on September 8 2015 updated on January 18 2016 by Michael Prince Leave a comment The ONS have released their Output in the Construction Industry June 2015 and Quarter 2 figures These show that in Q2 2015 output was estimated to have increased by 0 2 compared with Q1 2015 Also that between Q2 2015 and Q2 2014 estimated output increased by 2 4 This saw all new work increase by 1 0 Construction industry knowledge hub Construction market activity Learn more about Building Information Modelling Communicating with the industry Construction market activity Effective specification strategies Marketing in construction Sustainability Understanding the construction industry Understanding your customer n Select by type n Blog News Article Report eBook Youtube Video Book Review Slideshare Infographic Event Twitter Chat Construction Sales Marketing eNews Get the latest in Construction Sales Marketing news straight to your inbox once a month REGISTER NOW Construction reports eBooks webinars and course bookings BROWSE Tell us how we can help We are happy to talk through your construction sales and marketing challenges CONTACT US

    Original URL path: http://www.cadvantage.co.uk/tag/marketing-activity/ (2016-02-12)
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  • UK Construction Marketing Activity June 2015
    by 0 8 compared with March 2015 This was made up partly by a decrease of 4 8 in repair and maintenance with an increase in all new work of 1 6 New orders for the construction industry Q1 2015 were estimated to have increased by 0 4 compared with Q4 2014 and by 8 0 compared with Q1 2014 The Construction Products Association supports this month s release of the ONS Construction Output Figures as they welcome the new construction output price deflators implemented The CPA say that the slight fall in April as reported by the ONS was expected due to the general election and its impacts on consumer and business confidence According to the latest figures from the Barbour ABI Economic Construction Market Review the value of construction projects awarded in April 2015 was 5 5bn which is an 11 rise in the figure from April 2014 This rise gives cause for optimism as private housing continues to perform well accounting for 67 of new contracts awarded The Markit CIPS UK Construction PMI shows construction output growth rebounding for May 2015 The index registered at 55 9 for May 2015 up from 54 2 in April however this is still the second lowest reading since June 2013 According to this month s PMI construction companies confidence regarding the outlook for the year ahead is at its highest level since February 2006 with 58 anticipating a rise in output levels and only 4 forecasting a reduction The Nationwide House Price Index reports that in May 2015 house prices increased by 0 3 with annual house price growth slowing to 4 6 down from 5 2 in April 2015 The Halifax House Price Index reports that in May 2015 prices decreased by 0 1 with annual growth rising by just 0 1 from April 2015 and the quarterly rate of change falling for the second successive month The latest House Price Index from the ONS shows that house prices have increased in the UK by 9 6 over the past year up to March 2015 However the index also shows a wide variation in average house prices among UK regions and their rate of change showing a clear north south divide The ONS have put together this infographic to show the changes in house prices for each region of the UK Construction industry knowledge hub Construction market activity Barbour ABI CONSTRUCTION CONSTRUCTION ACTIVITY CONSTRUCTION MARKET CONSTRUCTION OUTPUT CONSTRUCTION PRODUCTS ASSOCIATION House Price Index HOUSING MARKET Markit CIPS PMI OFFICE OF NATIONAL STATISTICS Post navigation Previous Next 2 thoughts on June construction market overview martyn says June 25 2015 at 11 21 am Your first paragraph first sentence in the newsletter highlights doesn t appear to be correct The figures you refer to at the end of the paragraph refer to Q4 2014 not Q1 2015 according to table 1 of Output in the Construction Industry for April 2015 and New Orders Q1 2015 The table shows that Q1 2015

    Original URL path: http://www.cadvantage.co.uk/june-construction-market-overview-4/?replytocom=6387 (2016-02-12)
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  • UK Construction Marketing Activity June 2015
    0 8 compared with March 2015 This was made up partly by a decrease of 4 8 in repair and maintenance with an increase in all new work of 1 6 New orders for the construction industry Q1 2015 were estimated to have increased by 0 4 compared with Q4 2014 and by 8 0 compared with Q1 2014 The Construction Products Association supports this month s release of the ONS Construction Output Figures as they welcome the new construction output price deflators implemented The CPA say that the slight fall in April as reported by the ONS was expected due to the general election and its impacts on consumer and business confidence According to the latest figures from the Barbour ABI Economic Construction Market Review the value of construction projects awarded in April 2015 was 5 5bn which is an 11 rise in the figure from April 2014 This rise gives cause for optimism as private housing continues to perform well accounting for 67 of new contracts awarded The Markit CIPS UK Construction PMI shows construction output growth rebounding for May 2015 The index registered at 55 9 for May 2015 up from 54 2 in April however this is still the second lowest reading since June 2013 According to this month s PMI construction companies confidence regarding the outlook for the year ahead is at its highest level since February 2006 with 58 anticipating a rise in output levels and only 4 forecasting a reduction The Nationwide House Price Index reports that in May 2015 house prices increased by 0 3 with annual house price growth slowing to 4 6 down from 5 2 in April 2015 The Halifax House Price Index reports that in May 2015 prices decreased by 0 1 with annual growth rising by just 0 1 from April 2015 and the quarterly rate of change falling for the second successive month The latest House Price Index from the ONS shows that house prices have increased in the UK by 9 6 over the past year up to March 2015 However the index also shows a wide variation in average house prices among UK regions and their rate of change showing a clear north south divide The ONS have put together this infographic to show the changes in house prices for each region of the UK Construction industry knowledge hub Construction market activity Barbour ABI CONSTRUCTION CONSTRUCTION ACTIVITY CONSTRUCTION MARKET CONSTRUCTION OUTPUT CONSTRUCTION PRODUCTS ASSOCIATION House Price Index HOUSING MARKET Markit CIPS PMI OFFICE OF NATIONAL STATISTICS Post navigation Previous Next 2 thoughts on June construction market overview martyn says June 25 2015 at 11 21 am Your first paragraph first sentence in the newsletter highlights doesn t appear to be correct The figures you refer to at the end of the paragraph refer to Q4 2014 not Q1 2015 according to table 1 of Output in the Construction Industry for April 2015 and New Orders Q1 2015 The table shows that Q1 2015 saw

    Original URL path: http://www.cadvantage.co.uk/june-construction-market-overview-4/?replytocom=6459 (2016-02-12)
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