Between September and October 2021, the IHS Markit/CIPS UK Construction Purchasing Managers’ Index (CPMI) rose from 52.6 to 54.6. A reading above 50 indicates the industry is growing. The index is calculated from a survey of construction managers around the country. This means it utilises information currently only available to firms and is generally indicative…

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On the 21st October 2021, one day before their 30-day grace period from a missed payment deadline ended, Chinese construction firm the Evergrande Group paid 83.5 million USD to debt trustee Citibank.  With over 300 billion USD in debt, they are struggling to pay its suppliers and creditors. The 83.5 million USD payment was earmarked…

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Building society Nationwide has reported that the average UK house price grew by 0.7% in the month of February 2021, resulting in annual growth of 6.9%, which is among the fastest rates seen in the past five years. In contrast, Halifax Bank found that the average UK house price decreased in February compared with the…

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Digital transformation, or digitalisation, as described by the European Commission, is characterised by a fusion of advanced technologies and the integration of physical and digital systems. A recent index devised by McKinsey & Company ranked the construction industry as one of the least digitalised industries, above only agriculture and hunting. However, the industry is now…

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In December 2019, 3D printing company Apis Cor announced that it had completed the world’s largest individual 3D printed building. The office block, built in Dubai, is 9.5 metres in height with a floor area of 640 square metres. Another impressive 3D printed building in Dubai, the ‘office of the future’, is a unique pavilion…

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Big data allows large amounts of data to be processed and stored. This process would be extremely difficult using traditional methods which involved decisions being made based on a combination of intuition and traditional, retrospective data. Today, new variables and technology make it possible to more accurately predict a location’s future risks and opportunities.  …

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In recent weeks, the UK government announced its intention to revise the National Planning Policy Framework (NPPF) and has published a draft national model design code that will play a central role in banishing “ugliness” from future housing developments. This course of action has been set forth in response to the ‘Building Better, Building Beautiful’…

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Swapp, a British-Israeli ‘Contech’ start-up, raised 5.1 million GBP last week in venture capital. ‘Contech’ refers to the technology used in the planning, design and implementation process of large construction projects. Swapp’s offering is based around construction artificial intelligence (AI). Developers upload their plans, before receiving a selection of targeted planning options originating from an…

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In January 2020, Facebook announced plans to hire 1,000 staff to fill its new London headquarters near Oxford Street. By May, Facebook, Twitter and Square had allowed many of their staff to work from home for an indefinite period of time, with Mark Zuckerberg suggesting that within the next ten years, half his company’s workforce…

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