Market Intelligence Reports

Latest Market Intelligence Report: Q3 2024

This quarter we reported a conservative 0.9% increase in tender workload, the smallest rise since Q1 2021. However, we also observed significant variation in tendering appetite among businesses, reflecting cautious bidding approaches. Supply chains prioritise projects with high certainty of progression and strong confidence in the reputation and payment terms of main contractors and clients highlighting the importance of effective procurement strategies.

On a positive note, the industry’s outlook is optimistic, with the ONS identifying a 6.5% increase in new orders during Q3. Despite this, legacy inflation issues and insolvencies continue to impact suppliers and projects, however, transparent procurement and fair payment practices help mitigate these impacts.

Report compiled by

Adrienne Turner

Framework Manager

Janara Singh

Assistant Framework Manager

Latest Market Intelligence Report: Q3 2024

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To this end, SCF market intelligence analyses data across 10 key trade packages. Data is collected across four cities within the south of the UK. The analysis identifies regional market trends and forecasts for the following year by commenting on changes in tender workload, number of employees, building costs and material & labour availability. When compared with other indices, this survey provides a unique outlook for clients by identifying the perspective of those trades directly involved with construction providing a real-time representation of market trends.

We share this information with our clients to highlight key areas of risk that may impact on project delivery. Our main contractors and clients can use this information to predict pressures and opportunities in the market, to make decisions about material specification, construction methodology, off-site or automated construction techniques and project planning and programming, ensuring the best possible decision making to deliver maximum value.

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