Your go-to source for the latest developments in the world of construction across North America, the UK, and Europe. Onsite Insights delves into industry events, key trends, and market updates aiming to be a valuable resource for you.
No we aren’t talking about your limbo skills, we’re talking about bids. More and more within the construction industry, it’s becoming a race to the bottom. Keeping costs down and profits in place means that often there’s a squeeze all round for everyone involved whatever part of the supply chain you’re at. A common problem experienced by all in Sales or those negotiating, so how do you prove you’re worth the extra buck?
It’s tough. And often it’s believed that the lowest price always wins, right?
Well, actually, in this latest article from Construction Dive below, they argue against this. They’ve outlined how you can battle against this from building stronger relationships to actually proving your worth, there’s lots of ways you can win a contract without being the lowest bidder.
Since the CHIPS Act was signed in August 2022, spending in the U.S. manufacturing sector has surged dramatically, with over $866 billion in private investments. This wave of investment has sparked major projects across the country, including a $525 million Polar Semiconductor plant in Minnesota, a $294 million Boviet Solar facility in North Carolina, and a $140 million Green New Energy Materials project. These initiatives are bolstered by contractors like Mortenson and Jacobs Solutions, signaling robust growth in manufacturing infrastructure.
Manufacturing construction spending rose 25.9% over the past year, reaching $223.43 billion in March 2023. The CHIPS Act's $52.7 billion funding for semiconductor research, manufacturing, and workforce development, along with a 25% investment tax credit, has been pivotal.
With several mega projects in the pipeline, the sector's momentum is expected to continue.
For more detailed information, read the full article below.
The roofing market is set to hit USD 342.8 Billion by 2033, Says We Market Research
This surge is driven by a strong compound annual growth rate of 5.0% expected between 2024 and 2033 fueled by an increase in renovation and repair activities across aging infrastructures.
Regions like the United States, the United Kingdom, and Australia are seeing a notable rise in roof replacements and renovations, spurred by factors such as extreme weather conditions and a growing focus on energy-efficient building solutions.
Technological advancements are further propelling the roofing industry. Innovations such as smart roofing systems, Building Information Modeling (BIM), and the use of drones and robots for inspections and installations are enhancing efficiency and sustainability.
Countries like the USA, China, and Japan are at the forefront of this growth, with the USA dominating due to its robust construction sector and high disposable incomes.
For a deeper dive into the roofing market's future and technological trends, read the full article below.
2024 has been a stellar year. We've seen growth in our key markets, repeat business with existing clients and new people reaching out to us for support with their own growth plans.
With that, we have not one BUT TWO NEW ROLES to tell you about, here at Lignum HQ.
Business Development Executive - if you're as motivated as we are about new business opportunities, we'd love to hear from you. You'll be working with our commercial team on research, lead gen and client engagement
Business Development Manager - Are you a seasoned BDE or a BDM who wants more autonomy, a fantastic place to work AND a real opportunity to put your stamp on our business? Three yes' = Apply Now
It'll be based in our brand spanking new office in Warrington (great town). Or we can even accommodate remote working (great flexibility).
Get in touch with us today for a confidential chat.
Liam and Shane share the indicators around whether your business is ready for a collaborative recruitment approach through the MSP model.
