Published on : Mar 30, 2015
The new Scottish Construction Monitor is now flashing a record confidence level – plus 29 – up by three points than those observed at the end of 2014.
These positive ratings recorded by the quarter one of 2015 in the construction monitor states that the industry has now been rated as positive confidence for continuously seven financial quarters since Q2 of the year 2013.
The ratings of the Scottish construction industry’s quarterly progress are published by the Scottish Building Federation’s (SBF) report called the Scottish Construction Monitor. The ratings come only a week before new regulations that will impose new safety and health responsibilities upon domestic construction projects seem to come into force.
The report also studies the new construction regulations of 2015 will have on the Scottish construction industry.
94 per cent of the people who took part in the survey said that they were aware of the regulations while two third of these people stated that they were prepared for the regulations. Nearly two third of the participants of the survey told that they feel the regulations will lead to additional costs while one-third said that they feel the new regulations will make the current health and safety regulations even more complex.
Managing director of the Scottish Building federation stated that it is good to see that the confidence within the industry has increased once again for the very first quarter of 2015. He added that the federation will continue the monitoring of industry’s performance over the near future since there are certain sectors that still have significant scope for improvement in the coming months. So that the growth is sustainable, it is important that the industry’s recovery remains properly balanced in all the sectors.