The Infrastructure Forum's Procurement Working Group has just published a Vision for UK Infrastructure. It makes interesting reading especially in terms of whether the UK's pipeline of projects provides the certainty contractors need to invest.
The Infrastructure and Projects Authority’s Pipeline includes all UK infrastructure projects and programmes valued over £50m, which in 2018 amounted to the large total of £413bn. But only 8% (£30.24bn) of these are sufficiently certain for contractors to prepare to deliver them. 46% of projects listed in the Pipeline are already under construction.
The report includes a useful summary of recommendations to create a more certain environment for the UK infrastructure industry, fostering sustainable behaviours and enabling long-term investment.
The industry has now reached a crucial juncture in which greater longevity must be inbuilt into infrastructure strategies to create a more predictable pipeline of projects. Graham Mather CBE. David Ferroussat