The report’s purpose – to provide an overview of how resilient the industry is in relation to a range of internal and external factors – explores the role of organisational resilience in enabling construction companies to adapt to changing conditions. It addresses the evidence of failure, posits why they fail, considers the issues, areas of risk, and proposes how to build resilience and the benefits therein of doing so for the individual companies and the sector as a whole.
The report, written by Project Five Consulting, has identified the construction industry as a key enabling sector for the wider UK economy. A resilient sector should be good for UK plc. However, it has a higher rate of failure than the average across all industry sectors. This fragility is underpinned by structural issues that characterise the weaknesses in the industry. These are borne out by the recent collapse into liquidation of the country’s second largest construction company, Carillion.