The forecasting tool identifies over 1,150 construction projects across Scotland worth around c. 8.5 billion pounds
An innovative online tool has been launched to provide the construction industry with greater clarity and understanding of future public sector construction projects to be carried out across Scotland.
the Construction pipeline forecasting tool was developed by the Scottish Futures Trust infrastructure organization in partnership with the public sector and representatives of the construction industry.
The interactive tool was created in response to actions stemming from the Construction Industry Recovery Plan published in October 2020 by the Scottish Construction Leadership Forum.
With a current value of just under Â£ 8.5bn, the Construction Pipeline Forecast Tool contains details of more than 1,150 future public sector infrastructure projects and covers many sectors including education, health, housing and flood prevention.
Of the 1,150 project opportunities, around 60% are worth less than Â£ 2million, which emphasizes providing opportunities to small and medium-sized businesses. This will continue to grow as more contracting authorities join the system in the future and will be updated every six months.
By providing greater transparency on future workload, the pipeline will help companies better plan and maintain their investment in future skills and training needs. It will also encourage collaboration between public sector organizations through a better understanding of their respective construction pipelines.
The pipeline also aims to provide a longer-term view of planned investments and identifies construction projects up to 2028, with the majority of planned spending occurring before 2025. Types of construction projects include new construction, renovations, maintenance work as well as road infrastructure works.
Construction Pipeline Forecasting Tool allows user to simply and easily explore data held using various criteria including chosen procurement route, contracting authority, contract value and sector.
Peter Reekie, Managing Director of the Scottish Futures Trust (SFT) and Chairman of the Executive Group of the Scottish Construction Leadership Forum said: âProviding companies working in the construction industry with this detailed information creates greater confidence through better project transparency. As a result, this will allow companies to invest properly and recruit accordingly, as well as forge stronger partnerships within supply chains.
âAs a key partner of the Scottish Construction Leadership Forum, SFT has taken on the responsibility of providing the construction pipeline forecasting tool, one of the actions stemming from the released construction industry recovery plan. in October 2020 in response to COVID-19.
âThe creation of the Construction Pipeline Forecasting Tool has generated strong engagement across the public sector, which has been greatly appreciated, and we look forward to continuing to work with the industry on this cutting-edge development. “
Good news from the pipeline launch, Ivan McKee, Minister of Business, Trade, Tourism and Enterprise, said: âThese are critical times for business, trade and investment in Scotland and we pursue an ambitious program of economic recovery and transformation. Construction will play a key role in this recovery, providing critical infrastructure and supporting our significant net zero commitments.
âBy working together and galvanizing the expertise and ingenuity of the construction industry, we can improve Scotland’s economic potential and deliver greater, greener and fairer prosperity.
âThis online tool will provide businesses with the visibility they need to plan for investments in skills, labor and materials that will support jobs and business growth. It also offers new opportunities for small and medium businesses across the industry by providing visibility into small contracts. This key industry demand was conveyed through the Construction Leadership Forum Stimulus Plan – demonstrating how we can work together to make the changes the industry needs.
“This is just the start of an exciting process and I encourage other government agencies to share their data to expand their market access.”
Stuart Parker, member of the Construction Scotland Industry Leadership Group and Chairman of his Purchasing sub-group, said, âThe Construction Pipeline Forecast Tool is a truly exciting development for the industry, bringing together the details of upcoming opportunities in the industry in a user-friendly format.
“This will really help the industry understand the direction of movement in social infrastructure, which will give them the confidence to invest in the resources and skills to help the country rebuild better.” The tool will help provide visibility into opportunities for businesses of all sizes, but especially SMEs along the supply chain.
Speaking of pipeline, Donald Gillies, Director of South Ayrshire Council Place, said: âFrom a local authority’s perspective, the pipeline provides greater clarity of planned activities in neighboring municipal areas, which can help foster higher levels of collaboration and understanding of future investments in infrastructure and buildings.
âIt is important to note that the pipeline will support the delivery of high quality public sector buildings, created by a thriving construction industry employing local people. “