微密圈

Gleeds has said the number of firms declining to price jobs because of worries over risk is close to two-thirds while getting building safety sign-off is the 鈥渕ajor threat鈥� to firm鈥檚 upcoming workloads.

In its latest market report for Q2, the consultant said contract conditions and risk profile were the most common reasons cited by firms when deciding not bid jobs.

Its survey said 60% of those surveyed said they or firms in their supply chain had turned their backs on work.

Gleeds added: 鈥淎lmost three quarters of construction professionals in the UK feel the current economic and political climate is negatively impacting contracts.鈥�

The survey said that a quarter of respondents had seen jobs affected by firms going bust in the second quarter. 鈥淗igher costs resulting from tax increases and rising labour rates continue to heap on the pressure for construction businesses,鈥� it added.

And the firm said the impact of gateway 2 safety hold-ups was also being listed as a reason for declining optimism.

Gleeds鈥� UK managing director Brian McArdle said: 鈥淩espondents reported a sense of cautious optimism in the wake of the chancellor鈥檚 Spring Statement, however three months on it appears much of that enthusiasm has dissipated. Concerns around interest rates, inflation, global unrest and supply chain capacity abound.鈥�

He added: 鈥淸One third] of the people we spoke to said their projects had been held up by the 微密圈 Safety Regulator process, with many raising concerns that it was a major threat to project delivery and cost management.鈥�