ONS comment: On the path to recovery
Following the latest ONS construction stats which found output increased by 2.0% in December 2021, Fraser Johns, finance director at Beard commented: “The increase in construction output in December was driven by new work. With clients green lighting projects in greater numbers, this suggests confidence is growing, and the start of 2022 looks bright.
“When looking at 2021 as a whole, output increased by a record 12.7% compared to 2020. Output has now hit pre-pandemic levels, and although it has been a long and winding road, it appears we are firmly on the path to recovery.
“The construction sector has shown its resilience in 2021 and a key enabler of this is stakeholder relationships. At Beard we develop our relationships with suppliers and sub-contractors with regular meetings. And these meetings, coupled with our prompt payment policies have ensured we have been able to overcome any hurdles.
“Communication was also crucial in weathering the storms of 2021. Both interacting with employees, suppliers and sub-contractors was essential to keeping projects on track.”