Glenigan re-launches construction KPIs report with Department for Business Innovation & Skills Construction intelligence providers Glenigan continues its commitment to track improvements across the industry by re-launching its UK Construction Key Performance Indicators Annual Report.
The report, prepared in partnership with the Construction Industry Training Board (CITB) and endorsed by the Department of Business Innovation & Skills (BIS) and Constructing Excellence, maps trends and sets benchmarks across the construction sector.
Based on data from thousands of projects completed during the preceding year, the Construction Key Performance Indicators (KPIs) have become a mainstay of the industry since their initial development in 1998.
The KPIs are collated by Glenigan from surveys of construction clients, contractors, sub-contractors and consultants, covering issues such as client satisfaction, profitability, safety and environmental protection.
The re-launched report will include data from both 2012 and 2013, providing a clear picture of how construction companies have reacted to changing market conditions as the industry moves into recovery.
Robert Davis, Content Director at Glenigan, said: “We are delighted to be working in partnership with the CITB to re-launch the report at this critical time for the industry. We would also like to thank BIS and Constructing Excellence for their ongoing endorsement.
“The Construction KPIs provide a set of tools that can be used by companies across the sector to evaluate their performance and raise their game against their peers, bringing lasting benefits to the whole industry.”
Stephen Radley, Director of Policy and Strategic Planning at CITB, said: “As the sector returns to growth, with skills and materials in short supply and margins still squeezed, it is more important than ever that companies are working as efficiently as they can. The results of this research will play an important role in benchmarking performance as the recovery becomes more sustained.”
Don Ward, Chief Executive of Constructing Excellence, said: “Thanks to Glenigan and CITB it is good to have this data available again, along with the annual report of industry trends.
“As ever these provide a valuable baseline for companies and projects to benchmark themselves. I will be interested to see how the industry’s performance has kept up during the recession, in particular whether the improved performance of the previous ten years was sustained or whether performance fell back along with workload.”
Findings from the 2014 UK Construction Industry KPI Report will be released at a launch event at BIS Conference Centre in London on 13 November.