- 07 May
Demand For Construction Sector Labour Falls As Costs Rise
An #construction sector article by the London School of Business quotes KPMG and Markit research as showing the lowest demand for workers in the construction sector since May 2015. The article also points out the rise in staffing costs, which will undoubtedly being putting additional pressure on the cash flow of construction companies.
Slow payments still plague the construction sector, and our research shows that 85% of construction businesses say they would benefit from getting paid immediately instead of waiting for applications for payment (used by 75% of the sector) or sales invoices, to be paid. Many are unaware that they could get their applications for payment funded immediately, 45% have never heard of such a product, and that they could use that funding to pay staff costs or for raw materials.