Click here for latest Site Safety guidance
Demand for construction products remains high both in the UK and globally and is set to continue throughout 2021 in every sector. Unfortunately, this means the availability issues we are currently experiencing are likely to worsen before they improve.
Significant cost increases and the introduction of new restrictions on professional indemnity insurance are preventing companies taking on projects and could delay essential building safety work. These were the findings of a pan-industry survey of over 1,000 firms carried out by the Construction Leadership Council. CEF and its members took part in this, the largest ever survey on PII in construction.
Over the last week, the CEF has given evidence to the Finance and Infrastructure Committees in the Assembly on a number of topics.
The CEF has submitted its response to the draft Budget consultation which closed on 25th February.
CEF is encouraging NI companies from across the industry to take part in the biggest ever review of construction’s growing professional indemnity insurance crisis. In recent years firms from across the industry have reported sharp increases in premiums for PI insurance, while also seeing stricter curbs on the levels of cover.