CIPS/ PMI comment: Construction still significantly hampered by shortages
Fraser Johns, finance director at Beard said: “Today’s stats show the construction sector is still being significantly hampered by labour shortages and supply chain issues.
“With output volumes rising by the smallest extent for eight months, and a rapid drop in sub-contractor availability, strong relations with suppliers have never been more critical.
“To build these relationships and to reassure clients, contractors need to ensure prompt payment and regular collaboration with suppliers is fundamental to all projects.
“Inflationary price pressures and supply shortages continue to hinder new business, with clients re-considering decisions in the current environment. This may continue until such pressures begin to ease, a time period which is still unclear.”
Published: 06 October 2021