Construction giants urged to work with small firms
Large construction companies have been urged to work with SMEs that are not able to engage in bulk buying and so are short of essential materials. The Construction Leadership Council (CLC) said bulk buying not only impacts the ability of small firms to complete projects, but also the cash flow of their business. The CLC called on businesses to “work collaboratively to manage this unprecedented situation to everyone's benefit”. Soaring demand for raw materials is set to drive prices up 7% this year, the ONS has warned.