2024 looks set to be a huge year in the world of construction with ever changing technologies making the industry an incredibly exciting place to be at this point in time.
However, things haven’t exactly been easy in construction over the past few years with the industry one of those hit hardest by global supply chain issues and ever changing regulatory environments.
We would hate to be a doom bringer during the season of goodwill, but without the right precautions your new year could quickly become anything but happy.
Be aware of the threats that are mentioned in this article, however, and take the suitable steps to guard your firm against them, and you are setting yourself up for success in 2024 and beyond.
Inflation
Inflation is a threat to pretty much every single person and industry in the UK at this point in time but construction has been hit particularly hard over the last few years.
The rising price of construction materials can dramatically increase the overall cost of a project and trying to navigate this whilst continuing to offer competitive rates and compete for contracts can be a challenge.
There are some signs of improvement in terms of inflation rate in recent times but prices will undoubtedly remain a concern during 2024.
Security
Crime has been a threat to the construction industry since its inception and as the price of living increases and the value of construction assets rise this isn’t going to change anytime soon.
When planning your construction site security services, make sure that you consult with a professional security firm and ask for their advice on what threats are currently the most prominent and exactly what measures you should be taking to guard yourself against them.
Sustainability regulations
There have already been plenty of restrictions put in place on the construction industry in terms of sustainability, both in terms of their daily activities and in terms of the structures that are being built.
For example, all new build properties must now have electric charges attached and must not have gas boilers. These are all things that will influence how you work and have a knock on effect on your business.
As the Government looks to make progress towards their ambitions of reaching net zero emissions, further restrictions will undoubtedly be introduced in the future.
More energy efficient designs and sustainable building materials are now a must, and by going above and beyond the current restrictions in place you can put yourself in a strong position for whatever 2024 throws at you.
As you probably already know far too well, trying to navigate all these restrictions whilst still operating a profitable and efficient construction firm can be a bit of a nightmare.
Digital security
In the modern world, digital security is just as important as physical security and you need to make sure you have all your cyber security needs taken care of in 2024.
Follow these tips and 2024 looks set to be a big year for you and your business.