CONSTRUCTION COMPANIES adopting best practice made £56M extra profit in 2002, according to the latest impact assessment study on the work of the Construction Best Practice (CBP) organisation.
Early results from the study, carried out independently by the Department of Trade & Industry, were revealed on the fourth anniversary of the organisation's launch by CBP director Brian Moone.
'At site level, companies implementing best practice through CBP have seen profits increase by 50% more than those not applying the principles, ' Moone said.
Over the last four years CBP claims to have helped produce £127M extra profit for the companies it has helped.
CBP was set up by the government to provide business solutions to help companies increase profitability. Over 25,000 firms are currently registered with it.
Civil engineering is still a growth area for CBP, Moone said. 'Our strategy for 2003 is to target civil engineering, particularly the rail, road and water sectors.'
The work CBP is doing with small and medium sized enterprises (SME) is a particular success, according to chair of the Strategic Forum Peter Rogers, who heads the body charged with overseeing all initiatives to update and improve construction. 'CBP is getting to the SMEs and this is very good news. Unless we get to them we are not succeeding, ' he said.
CBP has guaranteed funding from the DTI until April 2004 but wants to broaden its customer base to ensure its survival after then.