Construction Pipeline

The NZIOB has welcomed the release of the Ministry of Business Innovation and Employment (MBIE) sponsored ‘National Construction Pipeline Report’. 

The report forecasts construction activity of over $30 billion per annum for the foreseeable future. The NZIOB believes that this level of projection implies that the construction industry is moving from one that is cyclic in nature, to one that is sustainable and robust.
 
Since the inaugural edition in 2013, the report has provided a bell curve of the sector’s forecasted future work streams. With each report, the decline from the predicted 2017 peak becomes flatter, and shows a longer spread of activity and an overall increase in forecasted building and construction activity. The report currently forecasts $213B of construction activity for the period 2016 to 2021.
 
The real value of the report however is that government (and other entities) can determine when there is capacity in the construction industry, and schedule their capital works program to suit. Sector wins, tax-payer wins.
 
MBIE’s Hamish McGillivray presented the key details of the 2016 National Construction Pipeline Report at an NZIOB event in Auckland on the 28th of July. With the Institute’s event occurring less than two days after the Minister released the report, the NZIOB provided the platform for the first presentation of the 2016 edition to the construction industry.
Sponsor Images