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The Building Engineering Services Association (BESA) is urging its members to respond to its latest business survey to help the sector cope with the current turbulent market conditions. The Association says that rising costs and skills shortages are holding back business growth in several areas so is urging members to provide feedback which can be used to lobby government, create business strategies and targeted actions to support the whole industry.
The quarterly Building Engineering Business Survey, which is carried out in partnership with fellow trade bodies ECA, SELECT and SNIPEF, is now open and closes for responses on Wednesday 3rd August. It covers the second quarter of the year to the end of June.
The last survey, covering the first quarter of the year, revealed a small bounce back for the sector with 58% of respondents reporting growth in turnover. Most also expected revenues to improve into the second quarter and 9 out of 10 thought business performance would improve significantly compared with the two previous years.
However, inflation was a major worry with 25% of firms citing the difficulty of forecasting the rate of price rises as a serious problem. With the Bank of England now predicting further increases in the coming months, this is likely to be a continuing area of concern for survey respondents.
The difficulty of attracting the right calibre of staff is another issue for contractors along with finding time and resources for training. More firms did say, however, that they were planning to increase direct employment and cut back on their use of agency and sub-contractor staff.
“It is vital you take part in this survey to help us understand the state of trade so we can better represent your interests to the government and key stakeholders,” says BESA’s legal and commercial director Debbie Petford. “It will be very helpful to know if the expectations stated in the first survey of the year were realised – and if plans for recruitment came to fruition. This kind of market intelligence is so important to inform our decision making and can help us when lobbying government.”
The survey should typically take no more than five minutes to complete, and answers are confidential. However, for the chance to win £200 in Amazon vouchers, respondents can choose to provide an email address.
Please respond to the survey here