New online tool forecasts Scottish public sector construction pipeline
A new online tool has been developed to provide the construction industry with more clarity on future public sector construction projects to be delivered across Scotland.
The Construction Pipeline Forecast Tool has been developed by infrastructure body the Scottish Futures Trust in partnership with the public sector together with representatives from the construction industry.
Its developers said the tool identifies more than 1,150 public sector construction projects across Scotland valued at around £8.5bn. Of the 1,150 project opportunities, approximately 60% are below £2m in value, providing opportunities to small and medium-sized enterprises.
The pipeline also seeks to provide a longer-term view on forecast investment and identifies construction projects up to 2028, with the majority of the forecast spend occurring before 2025.
Peter Reekie, chief executive of the Scottish Futures Trust (SFT) and chair of the Executive Group of the Scottish Construction Leadership Forum, said: "Providing businesses working in the construction sector with this detailed information creates greater confidence through improved project transparency. As a result, it will allow businesses to invest correctly and recruit accordingly, as well as build stronger partnerships with supply chains."
This article originally appeared on Construction Manager