Commercial construction activity continues to show signs of positivity with residential work also gaining momentum, supported by lower borrowing costs and the new Labour government’s ambitious housing targets. It is hoped that the outcome of the general election will also provide much-needed clarity for the pipeline of public sector construction projects which have been blighted by uncertainty and delays.
Whilst growth expectations remain cautiously optimistic for the months ahead, UK construction appears to have turned a corner as we head into 2025.
This report will consider the key trends that are influencing the market’s prospects and impacting construction insurance risks, from the small tool theft epidemic to the technologies leading the sector’s digital transformation to deliver vital productivity gains.
Topics covered include:
• Increased tool theft and demand for more comprehensive insurance.
• UK tool theft hotspots.
• Increased investment in security technologies.
• Plant and equipment loss prevention insights.
• Managing construction-related risks associated with sustainable initiatives.
• Building information modelling.
• Modern methods of construction.