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A Strategic Approach to the UK Construction Industry

Author/EditorGruneberg, Stephen (University of Westmi (Author)
ISBN: 9781032178486
Pub Date30/09/2021
BindingPaperback
Pages92
Dimensions (mm)216(h) * 138(w)
Gruneberg's new book is essential reading for anyone wishing to understand the economic forces that determine industry outcomes and who have a stake in the success of the UK construction sector.
$23.99
excluding shipping
Availability: Available to order but dispatch within 7-10 days
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The construction industry is a microcosm of the economy as a whole, and as such the economics of the sector contains many of the aspects of the economy in general, albeit with fascinating and unique features. What are the implications of economic theory for the future of UK construction? How does the industry ensure innovation, quality and efficiency? What priorities might best serve the construction industry, those working in it and their customers?



In seeking answers to these and other questions, the UK government has commissioned a number of reports on the construction industry including the Latham and Egan reports and more recently Construction 2025. These have invariably proposed time and cost targets for the construction industry. In this new book, Stephen Gruneberg stands in stark contrast to those reports and presents the relevant theoretical aspects of construction economics to account for the behaviour of construction firms and suggest a strategy for future growth and sustainability. He discusses the theory and data relating to the output of firms in relation to the type of firm, the market and how these firms behave as a result. The purpose of this book is to advocate the measures needed to create the kind of industry that must be fostered to ensure the quality of its output, sustainability and the fair terms and conditions of employment for its workforce.



Gruneberg's new book is essential reading for anyone wishing to understand the economic forces that determine industry outcomes and who has a stake in the success of the UK construction sector.

The construction industry is a microcosm of the economy as a whole, and as such the economics of the sector contains many of the aspects of the economy in general, albeit with fascinating and unique features. What are the implications of economic theory for the future of UK construction? How does the industry ensure innovation, quality and efficiency? What priorities might best serve the construction industry, those working in it and their customers?



In seeking answers to these and other questions, the UK government has commissioned a number of reports on the construction industry including the Latham and Egan reports and more recently Construction 2025. These have invariably proposed time and cost targets for the construction industry. In this new book, Stephen Gruneberg stands in stark contrast to those reports and presents the relevant theoretical aspects of construction economics to account for the behaviour of construction firms and suggest a strategy for future growth and sustainability. He discusses the theory and data relating to the output of firms in relation to the type of firm, the market and how these firms behave as a result. The purpose of this book is to advocate the measures needed to create the kind of industry that must be fostered to ensure the quality of its output, sustainability and the fair terms and conditions of employment for its workforce.



Gruneberg's new book is essential reading for anyone wishing to understand the economic forces that determine industry outcomes and who has a stake in the success of the UK construction sector.

Stephen Gruneberg is an Honorary Professor at the Bartlett School of Construction and Project Management, UCL.

Chapter 1 Introduction: tracing the history of construction reports from Simon (1944) to the Construction Sector Deal (2018) Chapter 2 A critique of the modern construction industry Chapter 3 Replacing target setting Chapter 4 Setting out the priorities of the board objectives Chapter 5 The size and scope of the construction sector Chapter 6 Innovation in the modern construction industry Chapter 7 A quality built output by a competitive industry Chapter 8 Efficiency and professionalism Chapter 9 Construction industry strategies Chapter 10 The construction market Chapter 11 The way forward

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