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News - 26 June 2013

Construction SMEs are failing to win 9 out of 10 public sector contracts

According to a new report by the Federation of Master Builders (FMB), more than 40% of constructions SMEs are failing to win nine out of ten public sector contracts.

Brian Berry, Chief Executive of the FMB, said: “Public sector construction contracts are worth more than £37bn per year – almost 40% of all construction output – so it is vital that SMEs are able to win their fair share of this work. The economic and environmental arguments for procuring with small local businesses are widely accepted, so now it’s a case of finding ways to increase this type of procurement.”

 Cllr Peter Fleming, Chair of the Local Government Association’s Improvement and Innovation Board, said: “Councils have a vital role to play in driving economic growth, helping to create the right infrastructure and environment for local businesses to succeed.”

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“Councils do have a vital role to play, but with council funding being cut by more than a third by central government, there is simply less work around, particularly in the construction sector.”

If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help


ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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