The U.K.’s construction sector found some solace in the Oct. 25 publication of the country’s first national infrastructure development plan. It was announced a few days after the government outlined huge cuts in infrastructure and other public budgets aimed at eliminating its deep budget deficit. Credit: ffice of The Prime Minister Prime Minister David Cameron’s budget cuts spare the Crossrail London railroad tunnel. Related Links: London’s Massive Rail Project Gains Favor How far the U.K.’s six-month-old coalition government and its conservative prime minister, David Cameron, will go to cut the deficit is shown by their willingness to pull back on
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.