Clients are seeking 20% cost cuts. How can industry respond without losing its shirt? NCE introduces its special More for Less feature exploring the options
More from: More for less
With a General Election just two months away, the thorny issue of the UK’s perilous public finances is top of mind for politicians.
Tax rises are happening and cuts have already been made, but there is still an estimated £30bn black hole to fill.
And at the same time the nation wrestles with the huge and legally binding challenge of cutting our carbon emissions by 80% by 2050.
The good news is that across the political spectrum, parties remain committed to both maintaining investment in infrastructure and to cutting emissions.
Our ‘delivering more for less’ agenda will culminate in a congress at our Infrastructure Show.
But they have also made it abundantly clear that the coming years will undoubtedly see less money available to spend on maintaining and enhancing the nation’s public realm.
As economic secretary to the Treasury Ian Pearson explained last month: “Essentially [the future] is about doing more for less. The more savings we make through innovative ideas and collaborative procurement, the greater resources we will have available.
”The best guess right now is that that “less” could easily mean future savings of at least 20% across the board while we simultaneously meet the carbon reduction targets set out in last year’s Transition Plan.
So clearly the question right now is how the civil engineering community delivers this new future norm.
Tackling this conundrum must start with clients. But the solutions need to come from consultants, contractors, suppliers and manufacturers. All will have to work together to think and behave differently to square this particular circle.
NCE is committed to helping the industry to meet the challenge and see business and profits grow along the way
Here at NCE we are committed to helping the industry to not just meet the challenge but also to see business and profits grow along the way. Because one will not happen without the other.
In this special section of NCE we talk to the clients, the consultants, the contractors and the suppliers about how they see their roles developing going forward.
And it is just the start. We intend to continue to drive our “delivering more for less” agenda though out the year with editorial and round table discussions, all culminating in a congress at our new Infrastructure Show in October.
We want your feedback as the agenda develops, and your involvement along the way.
Engineers are the industry’s problem solvers, and whether you work for client, contractor, consultant or supplier, you are going to be heavily involved in working out how to deliver more for less in the next few years.