Research and Markets: Building Contracting Market Report 2011

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/33a231/building_contracti) has announced the addition of the "Building Contracting Market Report 2011" report to their offering.

This Key Note Market Report analyses the UK building contracting market, with a focus on UK construction output in commercial, housing, infrastructure, industrial and general construction for the private and public sectors. In 2010, the UK construction market recovered slightly after a loss in output due to the global economic downturn. Construction output in the UK was worth 117.43bn at current prices in 2010, representing growth of 5.7% on the previous year.

This Market Report analyses the industry with regards to new work and repair and maintenance, with new work accounting for 63.9% of industry output in 2010. The majority of output for new work came through private commercial construction, followed by private housing and other public work. For repair and maintenance private housing work, other private work and public housing provided the majority of output.

The market for building contracting can be complicated, with larger firms providing a range of services, from project inception through to facilities management. Not only do building contracting firms engage in construction activities, they also offer design and project consultancy, ongoing operation and maintenance services, as well as investing in infrastructure and public services through public private partnerships (PPPS) and the public finance initiative (PFI).

In recent years building contractors have faced economic difficulties, with the UK construction market declining significantly due the global financial crises. Commercial, industrial and housing construction output has suffered significant decline in the past few years as the UK struggles to recover from the recession. Sustainability continues to be a major issue within the building contracting and construction market, with increased governmental monitoring and legislation concerning the environmental impact of building materials, construction practices and energy usage.

Companies Mentioned:

• BABCOCK INTERNATIONAL GROUP PLC
• BALFOUR BEATTY PLC
• CARILLION PLC
• COSTAIN GROUP PLC
• INTERSERVE PLC
• KIER GROUP PLC
• LAING O'ROURKE PLC
• MITIE GROUP PLC
• MORGAN SINDALL PLC
• SKANSKA UK PLC
• VINCI PLC

For more information visit http://www.researchandmarkets.com/research/33a231/building_contracti