Urgent call to invest in construction

THE Government has been called on to act immediately to restore confidence in the construction sector to prevent a massive downturn.

Construction output could be halved in 2009 if capital expenditure is delayed, a new analysis by construction economists DLPKS showed.

Its summer review points to a continuing decline in construction prices with tenders down to 2001 levels. That sharp fall means industry “can deliver real value and much-needed infrastructure to help drive economic recovery”.