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Choose two potential markets( construction related, such as railway or civil etc. ) for a contracting organisation to enter for - Essay Example

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Engineering and Construction Essay Name: Institution: Summary of UK’s Construction Industry The construction industry in the United Kingdom has depicted steady growth over the past decade, with the commercial house construction industry and infrastructure or civil engineering sectors occupying the front position of the development trend…
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Choose two potential markets( construction related, such as railway or civil etc. ) for a contracting organisation to enter for
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Choose two potential markets( construction related, such as railway or civil etc. ) for a contracting organisation to enter for

Overall, construction advanced by 8% in the year 2010 and in the subsequent year by 2.8% (DKM Economic Consultants, 2009, P.15). Nevertheless, by the later part of the year 2011, the entire construction industry’s growth had started to become slow with a relative downturn in the year 2010. For instance, new construction orders in the year 2012 were below the preceding quarter’s level, by 8.5% (DKM Economic Consultants, 2009, P.17). At this time, the house construction sector, both public and private suffered a major blow, and only infrastructure construction showed slight signs of development, as the government made the attempt to keep the civil works running, through collaboration with private investors. This implies that, by the year 2012, the house construction segment had been surpassed by civil engineering in terms of performance and industry leadership. The United Kingdom’s construction industry is a major economic pillar, since it contributes about a tenth of Britain’s (GDP), provides work to approximately 1.4 million individuals and accrues revenue of about ?65 billion per year. This industry is also ranked among the world’s top ten industries, further emphasizing its significance and the wide array of opportunities it has for new engineering companies. Construction Market Sectors The United Kingdom building and engineering industry comprises of large and dominant companies, which operate along with smaller establishments. Competitive rivalry in the industry is slightly eased when companies diversify their operations into different sectors. Key among these sectors, are the house construction and civil engineering sectors, which are analyzed hereunder, for the purpose of advising a potential construction contractor (Greenhalgh and Squires, 2011, P.35). Civil Engineering Sector Civil Engineering, which encompasses public works like railway, highway and other infrastructure constructions, is UK’s building and construction industry’s largest segment. This sector accounts for approximately 52.9% of the overall value of the industry (Data Monitor. 2012, P.7). In 2012, the output from infrastructure construction amounted to ?14,181 million, whereas infrastructure maintenance stood at ?7,775m (Data Monitor. 2012, P.10). Division of the civil engineering sector into its sub-sectors indicates that, railways, roads, as well as, water and sewerage subdivisions represent the greatest infrastructure construction components, at 25%, 24% and 22% in that order (Data Monitor. 2012, P.16). In the duration running from 2007 to 2011, all the new civil engineering sub-sectors depicted relatively steady annual growth. For instance, the water and sewerage sub-sector depicted a 10% growth, the roads sub-division a growth of 9%, while the railway construction sub-sector was at 24% (Data Monitor. 2012, P.18). One of the principal leaders in this sector is Balfour Beatty. This renowned civil engineering company deals with construction, business investment and overall engineering services. Balfour Beatty offers its specialized services in complex structure, road, utility systems and rail construction, not only to the United Kingdom, but to the entire globe as well. The company’s operations cover the entire European region, the Americas, as well as, the Asia Pacific area. This ... Read More
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