RCI Magazine’s Post

📊 UK Construction Industry Trends Update! 🏗️ HSB - Hartford Steam Boiler have published their Construction Trends report recently. As the construction industry navigates ongoing challenges and opportunities, several key trends are emerging: 1️⃣ Tool Theft: Both West & South Yorkshire are in the top 10 spots in the UK for Tools Theft and this type of theft has seen a 14% increase on last year. Due to this, a lot of insurers are applying onerous overnight security conditions which most people aren't aware of. When is the last time you reviewed your policy's to see if this is the case? 2️⃣ Sustainability & Green Building: With a growing focus on carbon reduction, sustainable materials, and eco-friendly designs, construction companies are embracing innovation for a greener future. When was the last time you checked your insurance policies to ensure there is no restriction on types of construction methods you plan to undertake? 3️⃣ Skills Shortage: This continues to be a catalyst for wage inflation and a rise in tender prices. With costs increasing across the board and therefore a more expensive marketplace to buy the "usual" types of cover (EL/PL/PI/Contract Works) when did you last review if the limits you buy are still inline with the contracts you are signing? Although the above may ne negative, it resolved by simply speaking to your broker to ensure the above isn't a stumbling block. #ConstructionTrends #UKConstruction #ConstructionInsurance

#Building #costs will increase by 15% over the next five years, while #tender prices will rise by 19% over the same period, according to the Building Cost Information Service (BCIS). Read more findings below. #construction #contractors #builders #roofers

I say no to leaseholders bailing out a rotten construction industry because the government wants to protect the construction industry. Labour's suggestion of non qualifying leaseholders having prepayment plans to pay for defective building remediation is abhorrent. The Tories constant refusal to protect all leaseholders from ruinous remediation costs is equally abhorrent. Both parties are wide off the mark. Only the Earl of Lytton's buildingsafetyscheme.org can restore the trust of UK buyers, lenders and insurers. Read about the solution to the Building Safety Crisis here : buildingsafetyscheme.org

Affordability is a crucial factor to consider when hiring a residential roofing contractor. While roofing is a significant investment, balancing quality and cost-effectiveness is essential. Hiring an affordable roofer means maintaining the quality of materials and labor. Instead, it should emphasize getting the best value for your money. When you choose our affordable roofers, you ensure that the project stays within your budget without sacrificing the integrity of your roof. - Our team understands the importance of providing fair and transparent pricing. We offer detailed quotes that explain the breakdown of costs, helping you make the most informed decision before you proceed. #Roofing #TradeProRoofing #NWA #NWARoofs

Master #builder companies are reporting signs of stability within the #building #industry with workloads up 7% and enquires rising by 3% over the last three months, the Federation of Master Builders has reported. Read more coverage of their latest survey below. #roofers #roofing #construction #contractors

The BCIS has #forecast that #building #costs will increase by 15% over the next five years, while #tender prices will rise by 17% over the same period. Read more of the report below. #construction #contractors #builders #roofers #planning

📈 ... 2024 State of the Industry Q&A: Industry Leaders weigh in on the new challenges and innovative solutions that await a roofing industry continuing to evolve as a new year gets underway. You'll want to read what they've said. #roofing #StateoftheIndustry #SOI2024 #economy https://brnw.ch/21wGTBN

Construction News: Fewer than a third of roofing contractors are getting paid on time. #constructionnews #construction #businessnews

Sedgwick in the UK is proud to publish its latest Building Cost Review. In this quarterly publication, our quantity surveyors weigh in on building cost inflation, rates benchmarking, the potential impact of government policy on housebuilding, and more. https://bit.ly/3zfeeHW #repair #property #buildings #construction

Under paragraph 8 of Schedule 8 to the Building Safety Act 2022, no service charge is payable under a qualifying lease in respect of cladding remediation, meaning the removal or replacement of any part of a cladding system that forms the outer wall of an external wall system and is unsafe. Handing down judgment on 17 May 2024 in Lehner v Lant Street Management Company Limited [2024] UKUT 0135 (LC), The Upper Tribunal allowed Mr Lehner’s appeal and in doing so rejected the FTT’s narrow interpretation of “cladding system” for the purposes of paragraph 8(2). The judgment interpreted cladding systems to include insulation sheets and cavity barriers. The "outer wall of an external wall system" is not limited to just the outer-most layer of the cladding system. Though not unexpected, the judgment confirms the UT's use of a wider interpretation of cladding system, providing wider protection for leaseholders. Copy of judgment >> https://lnkd.in/g7mSQFjA #buildingsafetyact #BSA #cladding #leaseholder