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Building Engineering Business Survey (ongoing)

Engineering services on path to recovery, but challenges remain

 

ECA, BESA, SELECT and SNIPEF study shows boost in sector confidence despite rising costs and persistent payment issues

24 May 2019

The latest sector-wide Building Engineering Business Survey, sponsored by Scolmore, shows that the sector appears to be showing signs of recovery after a challenging 2018.

The survey, which included data from industry trade bodies ECA, BESA, SELECT and SNIPEF, found that:

  • Three in four businesses (75%) said their turnover had increased or remained steady in Q1 2019, compared to the previous quarter (Q4 2018)
  • Outlook for Q2 2019 is largely positive, with almost one third (29%) of businesses estimating their turnover will increase

However, costs are on the rise, continuing trends seen in 2018:

  • Three in five businesses (58%) saw higher labour costs in Q1 2019 compared to Q4 2018
  • Three quarters (73%) saw higher materials costs in Q1 2019 compared to Q4 2018

Payment terms and retentions remain largely unfavourable for the sector:

  • For commercial work, over 8 in 10 businesses (81%) said the typical number of days to be paid for a project or job was 31 days or more
  • For public sector work, two thirds (63%) of businesses said the typical number of days to be paid for a project or job was 31 days or more
  • Three out of five businesses (58%) had between 1 and 10% of their turnover tied up in retentions in Q1 2019

Read more

 

Previous Survey Results

2019

January - March (Q1) 2019

Full report

2018

October - December (Q4) 2018

Full report

July - September (Q3) 2018

Full report

April - June (Q2) 2018

Full report

January - March (Q1) 2018

Full report

2017

October - December (Q4) 2017

Full report

July - September (Q3) 2017

Full report

April - June (Q2) 2017

Full report

January - March (Q1) 2017

Full report

2016

October-December (Q4) 2016

Full report

July- September (Q3) 2016

Full Report

April- June (Q2) 2016

Full Report

January- March (Q1) 2016

Full Report

2015

October- December (Q4) 2015

Full Report

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