Mark Warren’s Post

According to the Rider Levett Bucknall RLB 4th Quarter 2024 Construction Market Update for Australia, the Australian construction industry faces a complex and challenging landscape as we approach 2025, with economic, logistical, and labour-related hurdles impacting growth. Ewen McDonald, Director of RLB Oceania Research & Development said, “While the Australian economy is projected to grow by 2.1% in 2025, up from 1.2% in 2024 (driven by a recovery in consumer spending and strong government expenditure), the construction sector is grappling with significant issues.” He added, “Skilled labour shortages are a significant concern, driving up wage costs and creating intense competition for available workers in addition to many key challenges moving forward.” Read RLB's analysis ▸ https://lnkd.in/gtJ34x2s

According to the Rider Levett Bucknall RLB 3rd Quarter 2024 Oceania Construction Market Update, pricing continued to stabilise through the first three quarters of 2024 on shorter-duration, low-risk projects valued up to $50 million. This has been assisted by steady or modest increases to material prices. However, international transportation costs have risen significantly since the last quarter, which will start to increase the price of imported materials. There is still a wide pricing spread across most trades and head contractor preliminaries and margin costs, even on lower-risk projects. Read RLB's analysis ▸ https://lnkd.in/gpZeA3PW Photo: Design and Built Environment, Curtin University, Perth

According to the Rider Levett Bucknall RLB 3rd Quarter 2024 Oceania Construction Market Update, rising construction costs – driven by multiple factors – continue to make it increasingly challenging for the private sector to maintain project viability. However, government construction programs in health, corrections, education, and infrastructure are ensuring that order books for tier one contractors and subcontractors remain full. Tier two and three contractors have capacity, but the high demand for resources on major projects is driving costs to unsustainable levels for private sector projects. These contractors must match the EBA rates on major projects to attract and retain labour. Read RLB's analysis ▸ https://lnkd.in/gpZeA3PW Photo: Queens Wharf, Brisbane

In their manifesto, Labour pledged to build 1.5 million homes in the next 5 years. What impact will this have on the trades and building industry and what does this mean for the ongoing skills shortages in the construction industry? Read our latest article to learn more about what the Labour government’s promises mean for the construction industry going forward. https://ow.ly/YZHs50STLAv #labourmanifesto #ConstructionIndustry #NewHomes

CIOB People CIOB calls for new government to address construction skills shortage Labour is being asked for urgent action on construction skills shortages and an ageing workforce The sector has welcomed the new Labour Government after it won a landslide victory last night, sweeping to power after 14 years in opposition. The Chartered Institute of Building (CIOB) called for stability and said construction has an important role in “improving social, economic and environmental outcomes in all areas of the UK”. Recruitment and skills It must also ensure the correct incentives are in place to drive construction businesses to recruit the number of qualified professionals needed to deliver the new government’s manifesto aims. Without a stable pipeline of competent workers, there are significant risks to the delivery and feasibility of housing and infrastructure projects and the new government will struggle to meet its own targets along with the needs of communities up and down the country. The construction sector is reliant on stability, and we urge the Labour government to ensure consistency and longevity with policymaking and its communications with industry.

Australian construction industry calls for skilled migration overhaul to ease ‘desperate’ shortage of tradiesLabour shortage is driving up construction costs and stopping industry from building enough homes to ease housing crisis, Master Builders... https://lnkd.in/g3J9cRqy #silburnmigration #migrationnews #migrationupdates #migrationbrisbane #migrationexpertsaustralia

You told us that the labour shortage is the biggest challenge in Irish construction. Are you ready to tackle it together? 👷♂️ Join us in shaping the future of the industry 👉 https://hilti.to/4qiep8 #Hilti #HiltiIreland #construction #productivity #productivitystartshere #IrishConstruction #ConstructionSolutions

Construction sector abuzz as Labour takes the reins. New policies and industry reactions making waves as midcaps soar. Follow us to know more industry developments. #AtThe4Front. 💡 🏗️ What does the Labour manifesto promise for UK construction? https://lnkd.in/enqWRarF 👷♀️ Construction industry reacts to historic Labour win https://lnkd.in/e3BYgup6 📈 London midcaps touch more than two-year highs as Labour Party returns to power https://lnkd.in/gsSfPYAf #4FrontRecruitment

According to the Rider Levett Bucknall RLB 3rd Quarter 2024 Oceania Construction Market Update, the construction market in NSW is experiencing persistent cost escalation pressures. Key drivers include strong demand for both labour and materials, compounded by supply chain issues and inflationary pressures from the global market. While materials like steel and energy commodities have seen price reductions, domestic factors such as high demand for quarry materials and skilled labour shortages continue to push construction costs up. Read RLB's analysis ▸ https://lnkd.in/gpZeA3PW Photo: Quay Quarter Tower, Sydney

CIOB People CIOB calls for new government to address construction skills shortage Labour is being asked for urgent action on construction skills shortages and an ageing workforce The sector has welcomed the new Labour Government after it won a landslide victory last night, sweeping to power after 14 years in opposition. The Chartered Institute of Building (CIOB) called for stability and said construction has an important role in “improving social, economic and environmental outcomes in all areas of the UK”. The institute said it is looking forward to working with the new government to fulfil the Labour Party’s manifesto pledges to build new homes, reform planning and improve home energy efficiency. But it added that to do this, stability is necessary, as well as help to address skills shortages and an ageing workforce. CIOB said the new housing minister should be appointed for the long term so they can build “meaningful relationships” with the sector. Director for policy, external affairs and research Eddie Tuttle said: “A new government offers the opportunity to build new relationships with policymakers and help them understand the challenges and opportunities for the sector.