With our industry already experiencing skill shortage across the board, it will be interesting see how the government will try to tackle this issue over the coming months. Basic economics of supply and demand, mean that labour cost potentially could rise, having a knock on effect on project costs.
Of course its not only skilled labour that facing this dilemma, but consultants as well.
The report below from the RICS identifies key shortages despite a slowdown in construction activity. I believe we will continue to experience this challenge for the next few years.
Despite the slowdown in activity in Q2, skills shortages remain a problem with 56% of contributors reporting that a lack of appropriately skilled labour was a constraint on growth. Bricklayers and quantity surveyors remain in particularly short supply with 59% and 57% of respondents citing difficulties in these areas.