Richard Threlfall, KPMG’s head of infrastructure, building and construction, responds to the Government’s new industrial strategy ‘Construction 2025’, published by the BIS today.
“We welcome the new strategy and the fact it recognizes that Government and industry need to work together in order to tackle the massive challenges the sector is facing.
“The strategy puts its finger on the two main challenges of the industry - technology and supply chain. It’s no secret that in terms of technology the UK construction sector is still in the dark ages.
“Many companies are still working with IT systems that were introduced in the 70s or 80s. That’s simply not good enough. IT is the key to making the industry supply chain work better. Controlling a £1bn construction project with an Excel spreadsheet is not an option.
“In order for the industry to be more efficient and competitive on a global level we need to bring the sector into the 21st century and we need to do so quickly. “
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.