Construction Market Survey Amigo-New

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RICS UK Construction Market Survey Q4 2011

Activity remains subdued

Change in workloads (last 3 months), Great Britain % Balance • Total workloads deteriorate slightly Net balance, % 40 National construction workloads • Outlook remains downcast Rising • Extra questions this quarter show respondents' scepticism 30 towards government initiatives to support construction sector 20 10

The Q4 2011 RICS Construction Market Survey showed total workloads at the national -10

level fell a little further, with the net balance declining from -1 to -7. Private commercial -20 building remains the only area not recording falling workloads at this point in time, with a net balance of +2. By way of contrast, the public sector continued to record the most -30 severe falls in workloads, with the net balances of public housing and other public -40 works at -17 and -22 respectively. -50 Falling 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: RICS The outlook for the industry remains downcast. Workloads are projected to be broadly Change in workloads (last 3 months), sector breakdown flat over the next 12 months and respondents are expecting further falls in employment % Balance and profit margins. Net balance, % Sector breakdown - workloads 10 Rising This quarter we asked surveyors a range of questions pertaining to recent government initiatives to support the construction sector. The results show a high level of scepticism among respondents as to what, if any success such initiatives will achieve. 0 The first question focused on ‘The Get Britain Building Fund’. The £420 million fund is expected by the government, over the next two years, to unlock 16,000 homes on sites -10 that are currently stalled for lack of finance and create 30k jobs. However, the majority of respondents were unimpressed with this initiative, with only 27% of surveyors expecting it to have a positive impact on workloads. -20

Falling Second, we asked how successful the government will be in increasing institutional -30 Other Public Public Private Ind Infra Total Private Private Com funding necessary to deliver the infrastructure envisaged in the Autumn Statement Works Housing WorkLoad Housing Source: RICS (£30 billion targeted, with £20 billion expected from the private sector). The majority of respondents (57%) said the government will not meet its targets and only 11% thought Change in workloads (last 3 months), regional breakdown they would achieve the required level of institutional funding. % Balance

Net balance, % Regional breakdown - workloads Rising Meanwhile, anecdotal evidence from respondents suggest that SME’s are continuing 20

to be squeezed out of the market against the backdrop of falling workloads and tighter 10 profit margins. One of the other extra questions asked if the above mentioned 0 government initiatives will aid SMEs, but only 12% see the initiatives as having a positive impact. -10 -20 Finally, we asked if the availability of development finance has changed over the past -30 quarter; 39% actually reported declining levels of development finance while 58% -40 reported no change in the prevailing tight lending conditions. -50

-60 Falling Norther Ire. North/ Y+H Scotland Mid/EA Great Britain SW/ Wales Lon/South East Key: SW = South West, SE = South East, North = North East and North West, Y+H = Yorkshire and Humberside, Midlands = East and West Midlands, EA = East Anglia Source: RICS

Inside this report: Not Seasonally adjusted

Pages 2 - 8 Proportion of surveyors reporting a rise, fall or no Expected change over % of surveyors Regional summary change in construction workloads for last 3 months the next 12 months - % balance* reporting shortage of

Pages 9 - 10 Rise % Same % Fall % Balance* Workloads Employment Profit trades persons Surveyor industry comments 2011 Q1 24 58 18 6 18 5 -30 2 Pages 11 - 12 Q2 20 61 19 1 10 6 -34 2 Surveyor contacts Q3 19 61 20 -1 -11 -14 -42 2

Page 13 Q4 15 63 22 -7 0 -10 -44 2 Upcoming RICS events on the * Balance = Proportion of surveyors reporting a rise in w orkloads minus those reporting a fall construction sector Please note that data for w orkload, employment, profit margin expectations and skill shortages are now w eighted by region Page 14 and have been revised. Subscription information Total contributions were 168 forms

Charts and data are available to the media on request. Contact the RICS Press Office on: 020 7695 1682 / 020 7334 3736. Please do not contact the press office for non-media related enquiries. Page 2 Q2 2010 National results

Change in total workloads—past 3 months Change in public non-housing/ infrastructure workloads—past 3 months Great Britain, % Balance Great Britain, % Balance

40 40

30 30

20 20

10 10

0 0

-10 -10

-20 -20

-30 -30

-40 -40

-50 -50 2000 2002 2004 2006 2008 2010 2000 2002 2004 2006 2008 2010 Public non-housing Infrastructure

Change in private commercial/ industrial workloads—past 3 months Change in private/public housing workloads—past 3 months Great Britain, % Balance Great Britain, % Balance

20 30

0 10

-20 -10

-40 -30

-50 -60

-70 -80 2000 2002 2004 2006 2008 2010 2000 2002 2004 2006 2008 2010 Private commercial Private industrial Private housing Public housing

Surveyors reporting skills shortages Expectations (next 12 months) Great Britain, % reporting “yes” Great Britain, % Balance

80 80

70 60

60 40

50 20

40 0

30 -20

Employment expectations 20 -40 Blue Collar Workload expectations

White Collar Profit expectations 10 -60

Other construction professionals -80 0 1999 2001 2003 2005 2007 2009 2011 2005 2006 2007 2008 2009 2010 2011

Industry input costs and output prices Great Britain, % Balance

-10

-30

-50

-70 2006 2007 2008 2009 2010 2011 Input costs Output prices

London and South East

• The total workloads continued to increase but at a slower pace

• Workload and employment expectations are positive

• 14% of respondents reported shortages in quantity surveyors

• Input costs continue to rise

Change in workloads Workloads expectations (12 months forward) % Balance % Balance

40 80

30 60 20

10 40

0 20 -10

-20 0

-30 -20 -40

-50 -40

-60 2000 2002 2004 2006 2008 2010 -60 Quaterly data Underlying trend, 4 quarter moving average 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Surveyors reporting recruitment difficulties Profit and employment expectations (12 months forward) % reporting “yes” % Balance

100 80

90 60

80 Blue Collar 40 70 20 60 White Collar

50 0

Other construction 40 professions -20

30 -40 20 -60 10 -80 0 2000 2002 2004 2006 2008 2010 2005 2006 2007 2008 2009 2010 2011 Profit margin expectations Employment expectations

Input costs and Output prices % Balance

100

-20

-40

-60

-80 2006 2007 2008 2009 2010 2011 Input Costs Output prices

North East, North West and Yorkshire and Humberside

• Workloads continued to fall but at a slightly faster pace

• Workload expectations, profit expectations and employment expectations remain negative

• 41% of respondents reported shortages in quantity surveyors

• Total input costs continued to rise in Q4, albeit at a slower pace. Total output costs remained flat.

Change in workloads Workloads expectations (12 months forward) % Balance % Balance

40 80

60 20

0 20

0 -20

-20

-40 -40

-60 -60 2000 2002 2004 2006 2008 2010 2000 2002 2004 2006 2008 2010 Quarterly data Underlying trend, 4 quarter moving average

Surveyors reporting recruitment difficulties Profit and employment expectations (12 months forward) % reporting “yes” % Balance

60 60

40 0

-20

20 -40

Blue collar -60 White collar other construction professions -80 0 2000 2002 2004 2006 2008 2010 2005 2006 2007 2008 2009 2010 2011 Profit expectations Employment expectations

Input costs and Output prices

-20

-40

-60

-80 2006 2007 2008 2009 2010 2011

Input costs Output prices

South West and Wales

• Workloads fell slightly have been stable previously

• Employment, workload and profit margin expectations are negative

• 3% of respondents reported blue collar shortages, unchanged from the previous quarter

• Total input costs continued to rise in Q4, while output prices declined in Q4 for the first time in a year.

Change in workloads Workloads expectations (12 months forward) % Balance % Balance

40 80

30 60 20

10 40

0 20 -10

-20 0 -30

-40 -20

-50 -40 -60 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 -60 Quaterly data Underlying trend, 4 quarter moving average 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Surveyors reporting recruitment difficulties Profit and employment expectations (12 months forward) % reporting “yes” % Balance

60 70

40 60 Blue collar 20 50 White collar

Other construction 0 40 professions

-20 30

-40 20

-60 10

-80 0 2000 2002 2004 2006 2008 2010 2005 2006 2007 2008 2009 2010 2011 Profit expectations Employment expectations

Input costs and Output prices % Balance

100

-20

-40

-60 2006 2007 2008 2009 2010 2011 Input Costs Output prices

East Midlands, West Midlands and East Anglia

• Workloads fell at a faster pace in Q4

• Workloads, employment and profit margin expectations remain negative

• 2% of respondents reported shortages of blue collar professionals

• Input costs continued to rise but a slower rate while output prices fell further.

Change in workloads Workloads expectations (12 months forward) % Balance % Balance

80 40

20 40

0 20

0 -20

-20

-40 -40

-60 -60 2000 2002 2004 2006 2008 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Quarterly data Underlying trend, 4 quarter moving average

Surveyors reporting recruitment difficulties Profit and employment expectations (12 months forward) % reporting “yes” % Balance

100 80

Blue collar 60

80 40 White collar 20 60

0 Other construction professions 40 -20

-40 20 -60

-80 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011 Profit expectations Employment expectations

Input costs and Output prices % Balance

-20

-40

-60

-80 2006 2007 2008 2009 2010 2011 Input costs Output prices

Scotland

• Workloads continued to decline in Q4

• Expectations for workloads, employment and profit margins all remained negative in Q4

• No respondents reported shortages in blue collar labour, unchanged from the previous quarter

• Input costs continued to rise sharply while output prices declined further.

Change in workloads Workloads expectations (12 months forward) % Balance % Balance

100

40 80

20 60

40 0 20

-20 0

-20 -40

-40

-60 2000 2002 2004 2006 2008 2010 -60 Quarterly data Underlying trend, 4 quarter moving average 2000 2002 2004 2006 2008 2010

Surveyors reporting recruitment difficulties Profit and employment expectations (12 months forward) % reporting “yes” % Balance

90 Blue collar 80

80 60

70 White collar 40

60 20 Other construction 50 professions 0 40 -20 30 -40 20 -60 10 -80 0 2000 2002 2004 2006 2008 2010 2005 2006 2007 2008 2009 2010 2011 Profit expectations Employment expectations

Input costs and Output prices % Balance

100

-20

-40

-60

-80

-100 2006 2007 2008 2009 2010 2011 Input costs Output prices

Northern Ireland

• Total workloads continued to fall sharply

• Workload expectations, employment expectations and profit expectations remain deeply negative

• No respondents reported blue collar shortages, unchanged from the previous quarter

• Input costs rose sharply while output prices remained broadly stable.

Change in workloads Workloads expectations (12 months forward) % Balance % Balance

40 100

20 60

-20

-20 -40

-60 -60

-80 2000 2002 2004 2006 2008 2010 -100 Quarterly data Underlying trend, 4 quarter moving average 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Surveyors reporting recruitment difficulties Profit and employment expectations (12 months forward) % reporting “yes” % Balance

60 80

Blue collar 20 60

50 White collar

-20 40 Other construction professions

-60 20

-100 0 2000 2002 2004 2006 2008 2010 2005 2006 2007 2008 2009 2010 2011 Profit expectations Employment expectations

Input costs and Output prices % Balance

100

-20

-40

-60

-80

-100 2006 2007 2008 2009 2010 Input costs Output prices

London Paul Sherwood MRICS, John Rowan Robin Goddard BSc MRICS, Brodie Charles Nixon FRICS, Thornber & and Partners, 0208 567 6995, Plant Goddard, 01306 887070, Walker, 01772 722288, Preston - Ailsa Mcgregor MRICS, Mcgregor London - Bank financing remains a Dorking - The public sector remains Enquiries are still coming in although Business Consultancy Ltd, challenge for clients and projects. very tough with fewer enquiries in job values are generally lower. 7971694956, London - The euro recent months, compared to the Business community are zone crises is having an impact on Peter Read, Christopher Smith same period in previous years. Many disappointed that this government is the liquidity and confidence / risk Associates, 020 8943 2157, Kingston clients are still unnecessarily wedded still talking the economy down and appetite in the financial markets. This Upon Thames - Lack of confidence, to the public procurement rules, are giving no encouragement of an in turn is impacting on the availability continuing reports of funding despite the fact that their expenditure improvement in the foreseeable of funding for property investment difficulties for projects. is likely to be below minimum future. and development. Changes to thresholds. government policies and government South East David Duncalf TechRICS, WYG incentives are needed to kick-start Simon Hersey MRICS, HAMSON Management Services Ltd t/ the economy. Brian Austin FRICS, Balfour Beatty Partnership Limited, 01444 453364, aTweeds, 0151 236 4502, Liverpool - Engineering Services Ltd, 0207 828 Haywards Heath, West Sussex - Very low bids in terms of fees and Alan Bertram MRICS, Cluttons LLP, 3317, London - Whilst enquiries in Contractors continue to buy turnover, works. +44 (0)20 7647 7161, London - The the private commercial market are reducing fee percentages and hence euro zone crisis has had a negative coming through there is not a margins. David Latham MRICS, Davis effect on sentiment and the corresponding uplift in new work Langdon, 0161 601 1700, uncertainty it has caused is being felt because funders are insisting on North East Manchester - Low interest rates in the construction industry. letting commitments being obtained generally, banks fiscal control over Hopefully a solution will be found by developers prior to releasing Elizabeth Taylor, Turner & Townsend public spending, deteriorating which can restore some confidence funding. This has the effect of putting Cost Management Ltd., 01642 611 domestic purchasing power. and open up the funding market. projects on hold. 116, Stockton on Tees - Financial lending to kick start new projects or Gordon Clark FRICS, Johnstons Bola Abisogun MRICS, Urbanis David Jenney FRICS, Heckler restart previously shelved projects. Chartered Quantity Surveyors, 01228 Limited, 020 7608 0808, London - Associates, 01234 354269, Bedford - 520137, Carlisle - Continued lack of The general demise of SME's in There is little or no work available. Mike Foggon, Faithful & Gould, 0191 confidence, not helped by Bank of particular micro-business, prevails at 272 5150, Newcastle upon Tyne - Australia (Yorkshire and Clydesdale an alarming rate. Confidence levels Graham Harvey-Browne BSc FRICS, Market is fiercely competitive, both Banks) recently withdrawing funding from LA procurement departments, Synergy Construction & Property consultants' fees and construction facilities for new development. continues to wane as a Consultants LLP, 020 7928 1066, tenders are suffering from serious consequence. South East - Unrealistically low underbidding. The CITB report John Busby FRICS, ARCADIS, 0161 pricing of fees and tenders leading to predicts a drop in construction output 934 3300, Manchester - A general James Knight MRICS, EC Harris poor quality projects with cost of 6% in North East England and loss lack of confidence for the economy in LLP, 020 7812 2824, London - A overruns and delays. of 2,500 jobs in 2012 (95,000 the short and medium term is flurry of activity in affordable housing currently employed in construction in depressing demand and preventing with starts being under pressure to James le May MRICS, Le May & Co., the North East). funding. meet funding requirements. The 020 8893 3341, Twickenham - There delay to the agreement of the grant has been an increase in activity this Peter Carruthers MRICS, Summers R S Hayward FRICS, Hayward allocation meant very little or no new year, possibly because people Inman LLP, 0191 284 1121, Associates (Cumbria) Ltd, 01900 activity for a period of 6-months, the were putting off projects last year. Newcastle Upon Tyne - An increase 825781, Cockermouth (Cumbria ) - grant clock was still ticking meaning in refurbishment work at the expense Big promises of future investment in the new programme is now under Peter Bushnell FRICS, Peter of new build continues. Tender prices the Energy Coast and local supply pressure. Bushnell Associates, 01234 714447, remain comparatively static in the chains but this needs to turn into fact Olney - Banks are showing signs of period. We have seen a marginal on the ground. Malcolm Taylor, Network Rail, 020 an appetite for property together with increase in the number of enquiries, 79047264, London - Completion of high net worth individuals wanting to but the cut back in government Yorkshire & Humberside Olympics. put up the equity. investment continues to have a significant effect on the volume of Colin France, Batty France, 01274 Matthew Whitehead MRICS, Stace Philip Jones FRICS, Ridge and new work. 582661, Shipley - General downturn. LLP, 01992 565565, London - Rate Partners LLP, 01993 815152, Oxford David Bishop MRICS, dba of bank lending. - Enquiries still at a low level, Richard Bowie MRICS, Turner & Management Group, 01302 719919, securing workload is very competitive Townsend, 0191 279 7200, Doncaster - Affordable Housing Neil Andrews, DBK Group LLP, 020 with minimal profit margins. Newcastle upon Tyne - Contractors funding agreements now largely in 7166 6040, London - Poor and are becoming more claims conscious place and evidence of a flurry of uncooperative planning processing, Richard Brunero MRICS, NPS to recover loss of profit. activity with projects being scheduled excessive planning conditions. Group, 01227 793480, North and for a start on site before 31st March East Kent - Public sector cuts have North West 2012 after a lull during the second Paul Connollyy MRICS, Turner & resulted in a general reduction in the half of 2011. Townsend, 020 7544 4069, London - value of our projects, along with an Anthony Dillon MRICS, Willmott Margin erosion caused by excess increase in the number of projects, Dixon, 0161 947 3960, Manchester - Gordon Firth FRICS, Firth capacity. Overhead/unit increase thus workload remains high for a The North West market has been Partnership, 01226 206021, Barnsley caused by reduction on sales reduced fee income; contractors and substantially supported with public - There is little sign of improvement earnings. consultants are working to very tight sector expenditure, as these projects in future construction market activity margins, 'at cost' in some cases, to complete they are not being replaced in the North of England. Paul French MRICS, Set Square maintain turnover; overheads are with either public or private sector Surveyors LLP, 020 7375 6390, increasing due to higher material and opportunities. Robert Kirkpatrick MRICS, London - Continued uncertainty in fuel costs. Monaghans, 0114 249 2000, Europe and the UK's participation in Sheffield - Suicidal bidding by major the EU is suppressing activity but not consultants on comparatively low to the extent first feared. value projects. Page 10 RICS Construction Market Survey Q4 2011

Robert Walton FRICS, Assignments Nick Soady MRICS, RPA, 0845 602 Eastern Rod Shaw MRICS, Thomson Gray in Construction Ltd, 01723 353483, 2780, Cardiff - Government cuts Partnership, 0131 226 5076, Scarborough - A renaissance in hitting region which is highly reliant Chris Keeble BSC MRICS Edinburgh - Slow progress on HUB mining is in prospect along the on public sector hard. DipProjMan RMaPS, Gill Associates, and NPD procured projects when Yorkshire coast with the world's most 01473 214646, Ipswich - Public work coupled with public sector capital extensive deposit of potash being Peter Richards MRICS, Cyril Sweett continues to fall. Increasingly suicidal spending cuts and limited discovered between Scarborough Limited, 020 7061 9000, Cardiff - fee bids by professionals. development funding is likely to lead and Whitby. Plans for a £2bn potash Lack of finance being committed to a reduction in construction output extraction operation are in hand, and albeit finance is available. Michael Harris MRICS, Philip Pank & in 2012. up to 5,000 jobs could be created. Partners, 01603 625 158, Norwich - Robert Fisher, Robert Fisher Limited, The restricted bank finance is Stephen Daniels MRICS, MB South West 01792 720010, Swansea - Increased leading to a flurry of small projects Langmuir & Hay LLP, 1413326266, risk of unemployment from public and very few major projects. Glasgow - Outlook for 2012 similar to Christopher Pacey FRICS, sector jobs and unemployment previous year. Another difficult year Christopher Pacey, 01258 840917, generally. Nigel Heath FRICS, Cotton for the industry. Dorset - Due to lack of work, some Thompson Cole, 01638 664432, building contractors have had to lay West Midlands Newmarket, Suffolk - There are few Stephen Johnston BSc FRICS, off staff, some of whom will not come labour shortages (in response to David Adamson and Partners, 01595 back to the industry, thus causing Phil Hodges MRICS, Ridgeways, Q3), but ever-increasing numbers of 696788, Lerwick - The construction loss of experienced skills. Lack of 01527 894514, Stratford Upon Avon immigrant workers on all sites, and market locally is being negatively financial certainty is delaying - Lack of media reporting of positive covering all trades. Are native affected by reductions and decisions on projects. Recent aspects of Midlands construction and workers not being trained? uncertainty in local government changes (over the past 3-4 years) in industry generally is affecting capital expenditure and the the planning system has tended to confidence in the construction Paul Eglington MRICS, NPS South increasing use of framework and increase costs to clients. market in this area. East Limited, 01603 706666, supply chain procurement to which Norwich - The austerity measures local suppliers and contractors have Christopher Varey FRICS, Beaufort East Midlands are biting home. Predominantly I limited access. Ellis Associates LLP, 1793542324, work in the public sector and the South West, Swindon Wilts - The Alan Robinson FRICS, Tompkins outlook is not good. T. McQuade MRICS BSc, Morham & recession is starting to bite. Robinson Surveyors, 01933 223307, Brotchie, 01631 563721, Argyll - A Wellingborough - Hopefully the Robert Dale FRICS, Daniel Connal real lack of public works including Mark Cox, Cox Developments, media continues to over-state the Partnership, 01603 629421, Norwich much needed affordable housing is 01752 719035, Plymouth - Lack of country's economic difficulties. - Lack of confidence is delaying affecting Argyll in a big way. All confidence - caused by media only Workload remains low, affecting decisions with the result that projects materials, especially insulation, are reporting on 'bad news'. prices of both contractors and are slow to move from one stage to increasing in price. Everything else is consultants, against a backdrop of the next. falling off the cliff. Martyn Stubbs MRICS, Nixey Powell increased prices from suppliers. Partnership, 01225 424213, Bath - Confidence is the missing ingredient. Scotland Northern Ireland There are still too many contractors competing for an ever smaller Ian McKinlay FRICS, Gleeds, 0115 Ailsa Mcgregor MRICS, Mcgregor Adrian Petticrew MRICS, McNicholas number of construction projects with 9778000, Nottingham - Car parking Business Consultancy ltd, 07971 Construction Services Limited, 028 the consequences being of concern. levy - another tax on business. 694956, Glasgow - The lack of 90834101, Belfast - There is a liquidity and confidence in the complete dearth of opportunities in Simon Large FRICS, Magna Martin Giles MRICS, Carter Jonas financial markets continues to impact Northern Ireland market. The Chartered Surveyors, 01285 640460, LLP, 01865 404460, Oxford - With on the availability of funding for companies that are doing well are Cirencester Gloucestershire - Lack of continuing uncertainty the investment property investment. undertaking most of their work in business confidence and uncertainty market is still weak albeit clients are England & Scotland. What work is of demand and property values now starting projects but with a David Heron MRICS, Miller available for tendering is being held twelve months and more hence are reduced overall spend. Tendering for Construction (UK) Ltd, 0870 336 up by procurement delays or budget current major impediments to work is becoming more difficult and 5228, Edinburgh - Persistent under issues with government departments economic growth. Greater political margins are still being squeezed. pricing of projects is not sustainable or semi state government economic stimulus is urgently Interestingly we have had more and damaging the whole industry for companies. required. The construction industry enquiries for positions for building short term gain. has always been the leader in surveyors in the last month than in David Murray MRICS, Moore economic recovery, the politicians the whole of last year. Lenders are David Miller FRICS, McGowan Miller MacDonald & Partners, 02890 need to recognize this and act constantly renegotiating the terms of Partnership, 1387254283, Dumfries - 426586, Co Down - Weighting and accordingly to stimulate growth. loans which is causing problems for The move of the public sector to scoring of PPQ's does not give investors and clients alike. using large framework contractors enough emphasis to quality, nor is Wales seriously affecting workload of scoring of quality adequate - Robert Spencer FRICS, Sir William SME's. normally 1 - 5 needs to be 1 - 20. Geraint Morgan MRICS, Watkins Baird & Partners, 01332 347203, Jones & Sons Ltd., 01248 362516, Derby - Signs of optimism? David Taylor FRICS, CBA QS LTD, George Williamson MRICS, Brian Bangor - PQQ process in Wales is 14102485802, Glasgow - The market Canavan Associates, 028 703 taking work away from local Sarah Davidson FRICS, Gleeds, is still stagnant and there is generally 58484, Coleraine - The current contractors and large national 0115 9778000, Nottingham - Lack of a lack of confidence in all sectors. method of procurement is alienating contractors secure the decreasing confidence in both the general This has not been helped by the lack and in some cases eliminating the work volume. economy and the construction of funds available for building SME firms of consultants. market continues to impact on projects by some of the banks. J O Peel MRICS, J O Peel & projects materialising. This is Associates, 1970625355, compounded by the lack of finance Donald Reid MRICS, Davis Langdon, Aberystwyth - Economic uncertainty. available at reasonable rates and 1315509440, Edinburgh - Lack of conditions. bank funding still a major roadblock to progress.

Page 11 RICS Construction Market Survey Q4 2011 Contributor details

London South East Michael Gulliford FRICS, Elizabeth Taylor, Turner Eamonn Cookson Robert Walton FRICS, Gulliford + Smith, & Townsend Cost MRICS, Eamonn T. Assignments in Ailsa Mcgregor MRICS, Alastair Clark MRICS, Hampton, Middlesex - Management Ltd., Cookson & Company Construction Ltd, Mcgregor Business Daniel Connal 020 8941 6850 Stockton on Tees - Limited, Southport - Scarborough - 01723 Consultancy Ltd, London Partnership, Colchester - 01642 611 116 01704 537411 353483 - 7971694956 01206 751284 Nick Ireland MRICS, Savills, Southampton - George Penrice FRICS, Gordon Clark FRICS, South West Alan Bertram MRICS, Andrew Wainewright 023 8071 3918 Sanderson Weatherall, Johnstons Chartered Cluttons LLP, London - FRICS, John Smith Newcastle - 0191 269 Quantity Surveyors, Bernard Tipling FRICS, +44 (0)20 7647 7161 Projects, Winchester - Patrick Crowther 0106 Carlisle - 01228 520137 Jenkins Hansford 01962 892 960 MRICS, Crowther Partnership, Bristol - Alastair Jestyn Coke, A Overton-Hart, Steyning/ Mike Foggon, Faithful & John Busby FRICS, 0117 972 3620 Jestyn Coke Chartered Anthony Green MRICS, Brighton - 01903 816290 Gould, Newcastle upon ARCADIS, Manchester - Surveyors, London - Hadland Manning Tyne - 0191 272 5150 0161 934 3300 Christopher Pacey 01258 454029 Bullock & Partners, Paul O'Shaughnessy, FRICS, Christopher Banbury - 01295 731844 Altus UK LLP, South Peter Carruthers John Frederick Bridge Pacey, Dorset - 01258 Bola Abisogun MRICS, East England - MRICS, Summers FRICS, J P Jelly & 840917 Urbanis Limited, London Brian Austin FRICS, 1256369270 Inman LLP, Newcastle Partners, Macclesfield - - 020 7608 0808 Balfour Beatty Upon Tyne - 0191 284 01260 224022 Christopher Varey Engineering Services Paul Stephenson 1121 FRICS, Beaufort Ellis David Ashworth MRICS, Ltd, London - 0207 828 MRICS, KSP Kevin Shea FRICS, Associates LLP, South ASH. Chartered Building 3317 Consultancy LLP, Richard Bowie MRICS, Kevin Shea Associates, West -- Swindon Wilts - Surveyors, London - Fareham - 01489 Turner & Townsend, Bolton/Manchester - 1793542324 2086866892 Chris Boyd MRICS, 578811 Newcastle upon Tyne - 01204 307303 Currie & Brown, 0191 279 7200 David Lake BSc MRICS, Gavin Murgatroyd, Southsea - 02392 Peter Bushnell FRICS, Mark Stokes MRICS, AA Gunnislake - 01822 MRICS, Gardiner & 812541 Peter Bushnell North West Projects Ltd, Manchester 834218 Theobald LLP, London - Associates, Olney - - 0161 973 7410 2027 209 3000 David Jenney FRICS, 01234 714447 Andrew Webster FRICS, David Perry MRICS, Wm Heckler Associates, Calvert & Webster, Peter McDermott G Weller & Son Ltd, James Knight MRICS, Bedford - 01234 354269 Peter Kent FRICS, F T Rochdale - 01706 MRICS, PM Surveying & Redruth - 01209 215621 EC Harris LLP, London - Allen Limited, Worthing - 344826 Co, Macclesfield - 01625 020 7812 2824 David Metcalf FRICS, 01903 708950 434200 Julian Kinder MRICS, Calford Seaden Anthony Dillon MRICS, McCarthy & Stone Keith Andrews BSc Partnership, Orpington - Philip Jones FRICS, Willmott Dixon, R S Hayward FRICS, Retirement Lifestyles, FRICS, E C Harris, 01689 888222 Ridge and Partners LLP, Manchester - 0161 947 Hayward Associates Bournemouth - London - 020 7812 2077 Oxford - 01993 815152 3960 (Cumbria) Ltd, 1202292480 Graham Harvey-Browne Cockermouth (Cumbria ) Malcolm Taylor, Network BSc FRICS, Synergy Richard Brunero MRICS, Brian Williams MRICS, - 01900 825781 M E Hallam MRICS, Rail, London - 020 Construction & Property NPS Group, North and Baqus Fletcher McNeill, Croot & Partners, 79047264 Consultants LLP, South East Kent generally - Manchester - Tim Hartley FRICS, Weymouth - 01305 788 East - 020 7928 1066 01227 793480 1618815216 Fiathful+Gould, 666 Matthew Whitehead Warrington - 01925 MRICS, Stace LLP, Graham Moore FRICS, Robin Goddard BSc C Walker, Appleyard & 238300 Mark Cox, Cox London - 01992 565565 MS Associates, MRICS, Brodie Plant Trew LLP, Cheshire - Developments, Chichester - 01243 Goddard, Dorking - 0161 973 4347 Yorkshire & Humberside Plymouth - 01752 Neal Curtis MRICS, EC 539378 01306 887070 Alex Blenard MRICS, 719035 Harris LLP, London - Charles Nixon FRICS, RPP Limited, Bradford - 7917307890 James le May MRICS, Simon Hersey MRICS, Thornber & Walker, 01274 693622 Martyn Stubbs MRICS, Le May & Co., HAMSON Partnership Preston - 01772 722288 Nixey Powell Neil Andrews, DBK Twickenham - 020 8893 Limited, Haywards Colin France, Batty Partnership, Bath - Group LLP, London - 3341 Heath, West Sussex - Colin Eldridge MRICS, France, Shipley - 01274 01225 424213 020 7166 6040 01444 453364 Davis Langdon, 582661 JoAnne Murray, Manchester - 0161 601 Paul Bridges MRICS, Paul Connollyy MRICS, Cheema Construction Steven Funnell MRICS, 1700 David Bishop MRICS, Leslie Clark, Bristol - Turner & Townsend, Group, Medway Towns, NPS South East Ltd, dba Management 0117 973 8195 London - 020 7544 4069 Kent - 01634 838833 Brighton - 1273391100 David Duncalf Group, Doncaster - TechRICS, WYG 01302 719919 Paul Clark FRICS, Wood Paul French MRICS, Set John Walker MRICS Victor Bradley MRICS, Management Services & Weir Limited, Square Surveyors LLP, MCIOB, Cordery Build Summers Inman, Ltd t/aTweeds, Liverpool Gordon Firth FRICS, Cheltenham - 01242 London - 020 7375 6390 Ltd., Guildford - 01483 Kingston upon Thames - - 0151 236 4502 Firth Partnership, 239788 894444 0207 242 9152 Barnsley - 01226 Paul Sherwood MRICS, David Latham MRICS, 206021 Peter Churchill MRICS, John Rowan and Julian Stokes MRICS, North East Davis Langdon, W T Hills, Exeter - Partners, London - 0208 Julian Stokes Manchester - 0161 601 Philip Overend, Jones 01392 218010 567 6995 Management Ltd, Alan Dunn MRICS, Hall 1700 Lang LaSalle, Leeds - Reading - 0118 321 and Partners, Newcastle 0113 235 5263 Phillip Baker FRICS, Peter Read, Christopher 8293 upon Tyne - 0191 David Latham MRICS, Baker Ruff Partnership, Smith Associates, 2142360 Davis Langdon, Robert Kirkpatrick Taunton - 01823 251356 Kingston Upon Thames - Keith Andrews BSc Manchester - 0161 601 MRICS, Monaghans, 020 8943 2157 FRICS, E D Harris, 1700 Sheffield - 0114 249 Ray Plowman FRICS, South East - 020 7812 2000 Bailey Partnership, 2077 Plymouth - 1752229259 Page 12 RICS Construction Market Survey Q4 2011

Simon Large FRICS, John Ramsay FRICS, Martin Giles MRICS, Scotland John Meechan FRICS, P Watson MRICS, Ian Magna Chartered Bellamy & Wareham, Carter Jonas LLP, Gardiner & Theobald Kirkpatrick & Associates, Surveyors, Cirencester Solihull - 01564 711005 Oxford - 01865 404460 Ailsa Mcgregor MRICS, LLP, Glasgow - 0141 Bangor - 028 9127 1118 Gloucestershire - 01285 Mcgregor business 568 7300 Peter Carson FRICS, V 640460 Keith Wooldridge N Porter FRICS, NIc consultancy ltd, Glasgow B Evans & Company, FRICS, Faithful+Gould, Porter Associates Ltd, - 07971 694956 John Strachan MRICS, Belfast - 028 9045 7000 Wales Birmingham - 0121 483 Newark - 01636 674585 Samuel & Partners, Fort 6340 Alexander S Millar William - 01397 702686 Geraint Morgan MRICS, Robert Spencer FRICS, FRICS, Millar Surveying Watkins Jones & Sons Paul Beeston MRICS, Sir William Baird & Services, Greenock - Keith Rosie MRICS, Ltd., Bangor - 01248 Rider Levett Bucknall, Partners, Derby - 01332 01475 745555 Pentarq, Kirkwall - 362516 Birmingham - 0121 503 347203 01856 872022 1500 Alistair McCracken J O Peel MRICS, J O Sarah Davidson FRICS, FRICS, Reid Associates, Nicoll M Milne MRICS, Peel & Associates, Peter Dudley FRICS, Gleeds, Nottingham - Glasgow - 1412486545 M R Rodger & Partners, Aberystwyth - Holbrow Brookes LLP, 0115 9778000 Dumfries - 1387252815 1970625355 Birmingham - Brian Horsburgh BSc 1214234000 Eastern FRICS, Binnie Murray Rod Shaw MRICS, Mark Downer MRICS, and Hutton, Paisley - Thomson Gray Tweeds, mold, flintshire Peter Griffin MRICS, Andrew Shepherd 0141 889 8833 Partnership, Edinburgh - - 1352756161 Nicol Thomas, MRICS, Ingleton Wood 0131 226 5076 Birmingham - 0902 LLP, Billericay - 01277 Danny Nisbet MRICS, Neil Taylor FRICS, 398222 637800 Elim Construction LTD, Stephen Daniels ChandlerKBS, Cardiff - Renfrewshire - 01505 MRICS, MB Langmuir & 029 2035 2300 Phil Hodges MRICS, B H Smith MRICS, Brian 612713 Hay LLP, Glasgow - Ridgeways, Stratford H Smith & Associates, 1413326266 Nick Soady MRICS, Upon Avon - 01527 Norwich - 01603 700000 David Adam FRICS, RPA, Cardiff - 0845 602 894514 Christie & Partners, Stephen Johnston BSc 2780 Chris Keeble BSC Dundee - 01382 220699 FRICS, David Adamson R J Kawak FRICS, MRICS DipProjMan and Partners, Lerwick - Peter Richards MRICS, Townsend & Renaudon, RMaPS, Gill Associates, David Cation MRICS, 01595 696788 Cyril Sweett Limited, Stoke-on-Trent - 01782 Ipswich - 01473 214646 Charles Henshaw & Cardiff - 020 7061 9000 744888 Sons Limited, Glasgow - T. McQuade MRICS John Button FRICS, 0131 337 4204 BSc, Morham & Robert Fisher, Robert Susan M Fullard FRICS, Castons, Ipswich - Brotchie, Argyll - 01631 Fisher Limited, Swansea Fullard Rosier, Solihull - 01473 257586 David Heron MRICS, 563721 - 01792 720010 01564 779262 Miller Construction (UK) John Wilson MRICS, Ltd, Edinburgh - 0870 William Bowie MRICS, West Midlands East Midlands JWC Consulting Ltd, 336 5228 Doig + Smith, Glasgow - Luton - 01582 584336 1413328907 Adrian Aston FRICS, Alan Robinson FRICS, David Miller FRICS, Wakemans Limited, Tompkins Robinson Jonathan Nelson McGowan Miller Northern Ireland Birmingham - 0121 454 Surveyors, MRICS, Davis Langdon, Partnership, Dumfries - 4581 Wellingborough - 01933 An AECOM Company, 1387254283 Adrian Petticrew MRICS, 223307 Norwich - 1603628194 McNicholas Construction Alan Carter MRICS, David Taylor FRICS, Services Limited, Belfast ABC Solutions (UK) Ltd, Andy Martin MRICS, Michael Harris MRICS, CBA QS LTD, Glasgow - - 028 90834101 Redditch - 01527 PDD Surveyors, Milton Philip Pank & Partners, 14102485802 587200 Keynes - 01908 690630 Norwich - 01603 625 David Murray MRICS, 158 Donald MacDonald Moore MacDonald & Anthony Millward C Brooks FRICS, Davis MRICS, Ogilvie Partners, Co Down - MRICS, Allan Reynolds langdon, Peterborough - Michael Morter BSc Construction Ltd, Stirling 02890 426586 Partnership Ltd, 1733362000 MRICS, Abacus - 01786 812273 Wolverhampton - Residential Services George Williamson 1902774664 David Carr MRICS, Ltd., Brentwood - 01277 Donald Reid MRICS, MRICS, Brian Canavan Faithful+Gould, 234984 Davis Langdon, Associates, Coleraine - Craig Colledge 0080156, Nottingham - Edinburgh - 1315509440 028 703 58484 Osbornes (Quantity 7803245259 Nigel Heath FRICS, Surveyors) Limited, Cotton Thompson Cole, Iain McBroom MRICS, James Sammon FRICS, Coventry - 024 76 Diane Anstey MRICS, Newmarket, Suffolk - Brownriggs, Stirling - Sammon Surveyors, 561510 Anstey & Associates, 01638 664432 01786 464998 Belfast - +4428 9024 Northampton - 01604 9800 David Shakeshaft 890299 Paul Eglington MRICS, Jim Sneddon MRICS, MRICS, Cheshire NPS South East Limited, Summers Inman, John Dowse MRICS, Shakeshaft Ltd, Ian McKinlay FRICS, Norwich - 01603 706666 Edinburgh - 0131-556- Moore McDade Dowse, Birmingham - 01675 Gleeds, Nottingham - 9464 Belfast - 2890460099 430088 0115 9778000 raymond burch FRICS, marstan bdb, cambridge John Macdonald John O'Neill FRICS, Geoff Allen MRICS, Kevin Thompson - 01799 531 251 MRICS, Macdonald John D D O'Neill, Interserve Construction MRICS, Faithful+Gould, Alexander, Edinburgh - Coleraine - 028 7035 Limited, Birmingham - Nottingham - Robert Dale FRICS, 1315581978 5155 0121 344 4888 1925238300 Daniel Connal Partnership, Norwich - John Reid MRICS, K S + 01603 629421 P, Belfast - 028 90650009 Page 13 RICS Construction Market Survey Q4 2011 Upcoming RICS events in construction

RICS Expert Witness Conference 2012 08 March 2012 Grange Holborn Hotel, London WC1B 4AR

This conference will be an invaluable opportunity to assess how the landscape has changed for expert wit- nesses both from a legal and a practice perspective. The Rt. Hon. Lord Justice Jackson will give a keynote address. www.rics.org/ewc2012

RICS Resolving Disputes in Construction 2012 13 March 2012 RICS Parliament Square, London SW1P 3AD

This annual conference will explore recent developments in the contentious and evolving area of construction law both in the UK and internationally. Attendance will help you to spot potential claims situations and increase your chances of avoiding disputes. In addition, you will receive expert advice from lawyers and well- known advisors within the industry concerning the management of disputes. www.rics.org/disputeresolution2012

RICS Managing Efficient Design Delivery Seminar 28 March 2012 RICS Parliament Square, London SW1P 3AD

RICS Managing Design Delivery Seminar provides a unique opportunity for professionals seeking new guidance in meeting higher standards. James Mather’s new guidance note will help you to strengthen the response of your delivery teams to the design, improve perform- ance efficiency and meet the role’s requirements. www.rics.org/designdelivery2012

RICS Innovative Methods of Construction 28 March 2012 RICS Parliament Square, London SW1P 3AD

Sessions will look at how your project management system can be streamlined to be at its most lean, so you can deliver large projects more efficiently, and how you can solve issues around customisation within budget. With a range of case studies and leading fig- ures presenting topical sessions, this seminar provides The Royal Institution of Chartered Surveyors a unique opportunity to understand the business case Parliament Square for off-site construction and lessons learned from live London SW1P 3AD projects. This seminar also offers you a great opportunity to network with leading professionals in the off-site T +44 (0)20 7222 7000 build network. F +44 (0)20 7334 3795 www.rics.org/innovativemethods2012 [email protected] www.rics.org Page 14 RICS Construction Market Survey Q4 2011 RICS contacts

Survey Management

Josh Miller Senior Economist [email protected] T: +44 (0)20 7334 3777

Himanshu Wani Economist [email protected] T +44 (0)20 7334 3838 Survey subscription information and data enquiries

The construction market survey is available from the RICS web site www.rics.org, along with other quarterly and monthly surveys covering residential sales & lettings, commercial property, and the farmland market.

If you wish to subscribe to any of the RICS Market Surveys, and receive the latest editions as they are released, please contact Building Cost Information Service (BCIS): [email protected], T +44(0)20 7695 1500

The subscription rates for the monthly RICS Housing Market Surveys are: Non RICS members £395 per year RICS members £329 per year

The subscription rates for RICS quarterly surveys (such as Construction, Commercial Property and Residential Lettings), with the exception of the RICS Rural Market Survey, are: Non RICS members £265 per year RICS members £195 per year

The subscription rates for the quarterly RICS Rural Market Survey are: Non RICS members £129 per year RICS members £105 per year

The subscription rates quoted above are subject to change please consult RICS web site - www.rics.org for confirmation. The Royal Institution of Chartered Surveyors For general information about the construction market, contact the RICS Parliament Square Library information service on FAX : 020 7334 3784, or the RICS Construction London SW1P 3AD

Professional Group on 020 7334 3733. T +44 (0)20 7222 7000

F +44 (0)20 7334 3795

[email protected] www.rics.org