Introducing 3D volumetric, modular construction
Gerard Wood and Angela Lee of the University of Salford explain the benefits of the latest modular construction methods.
12 FEB 2019
The latest BCIS annual maintenance study shows how significant FM is to the UK economy.
Maintenance spending represents more than 3.2% of UK GDP. As maintenance typically represents 32% of the total cost of running a building (excluding staff), the total value of the FM market may account for close to 10% of GDP.
Each year, BCIS estimates the total expenditure on maintenance to show the significance of maintenance work in both the construction industry and the overall economy.
This year’s study has found that the total amount spent on maintenance, at constant prices, rose by more than 6% compared to the previous year. However, expenditure is still lower than its peak in 2003. More significant is the fact that the expenditure as a percentage of GDP is at its highest level since 2009.
The estimate is assembled from a variety of government statistics and BCIS data. Some of the annual statistics, particularly UK accounts, take time to be released, so the latest estimate is for 2017.
The total expenditure in 2017, at current prices, was £65.6bn. This figure comprises official government figures for construction and infrastructure repair and maintenance output, householder expenditure on DIY, plus an estimate of direct labour output on non-housing in the private sector.
The full report is available to subscribers to the BCIS Building Running Costs Online service.