Scottish Futures Trust launches new Construction Pipeline Forecast Tool
An innovative online tool has been launched to provide the construction industry with greater clarity and understanding of future public sector construction projects to be delivered across Scotland. The Construction Pipeline Forecast Tool has been developed by an infrastructure body the Scottish Futures Trust in partnership with the public sector together with representatives from the construction industry.
With a current value of just under £8.5 billion, the Construction Pipeline Forecast Tool has details of over 1,150 future public sector infrastructure projects and covers many sectors including education, health, housing and flood prevention. Of the 1,150 project opportunities, approximately 60% are below £2m in value, emphasising the focus on providing opportunities to small and medium-sized enterprises. This will continue to grow as additional contracting authorities join the system going forward and will be updated every six months.
By providing greater transparency on future workload, the pipeline will help businesses plan better and maintain their investment in skills and future training needs. It will also encourage collaboration between public sector organisations through a greater understanding of their respective construction pipelines.
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. The types of construction projects include new build, refurbishments, maintenance works as well as road infrastructure.
The Construction Pipeline Forecast Tool allows the user to simply and easily explore data held using various criteria that includes the chosen procurement route, the procuring authority, contract value and sector.
Support from the Supplier Development Programme
Welcoming the launch of the Construction Pipeline Forecast Tool, Gillian Cameron, Programme Manager at the Supplier Development Programme said “SDP understands that early visibility of projects and potential supply chain opportunities is critical for suppliers, particularly SMEs and supported businesses. This tool offers the ability to drill down locally and covers all 32 local authority areas in Scotland, assisting businesses to understand the status of projects, identify those that are of interest to them and that can support growth of their business”.
Gillian went on to say “we are delighted to be working with the Scottish Futures Trust to promote this tool and to confirm that there will be a workshop on how to use the Construction Pipeline Forecast Tool as part of this year’s Meet the Buyer North event being held virtually on 7th September 2021.
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