Coronavirus Market Update – 1st May 2020

This week, the trade press has reported more stories of contractors and developers planning to reopen sites, after adapting them to include social distancing measures, and accordingly we’ve started to see the number of suspended sites reduce.

Work has resumed on 11% of sites that were initially suspended at the outset of the lockdown and we expect to see this number rise steadily over the coming weeks, especially as an increasing number of housebuilders begin a phased reopening of their sites.

More encouraging news is that the long-term planning pipeline remains firm, and the immediate pipeline is beginning to show positive signs with increases in the number of bidder and main contract awards being identified.

Watch the video below to find out more, and check our UK Construction and COVID-19 timeline for regular updates.


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