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The construction industry benefits from broader economic recovery

Turnover in the construction sector in January 2021 is higher than the turnover in January 2020. This is shown by the January edition of the BouwMonitor, a monthly survey of 1000 parties in construction. The theme for this edition is safety. The economic recovery leads to fewer cancelled projects by principals, including owners of offices. This is reflected in the value of the real estate portfolio: 44% of investors say their portfolio has increased in value. The value of offices and retail is less negative than in previous months. The positive turnover and order book development among investors, consultants and architects also indicates a marked increase in projects.

COVID-19 affects the deployment of personnel

Approximately 4 out of 10 construction companies continue to suffer from loss of production due to the COVID-19 measures, although the loss is usually limited to a maximum of 5%. Many construction companies have come up with solutions, such as working in shifts. Staff are retained: more use is made of self-employed personnel and fewer temporary and permanent staff are being laid off to cope with high absenteeism. This is, moreover, without the use of government support – only 6% receive support.

The construction industry benefits from broader economic recovery

BouwMonitor 2021 January edition - USP Marketing Consultancy


The construction industry benefits from broader economic recovery
BouwMonitor 2021 January edition - USP Marketing Consultancy

Builders actively concern themselves with safety

Builders, especially main contractors, are actively working on safety certificates such as VCA and safety training. COVID-19 is seen as an element of safety. External parties are also regularly hired to give advice, such as manufacturers when using a new material. A quarter of contractors report being visited by a health and safety inspector in the past year. The general sense is that their employees are complying with the safety regulations, creating an environment of trust.

The construction industry benefits from broader economic recovery

BouwMonitor 2021 January edition - USP Marketing Consultancy

The construction industry benefits from broader economic recovery

BouwMonitor 2021 January edition - USP Marketing Consultancy

Builders do more than the minimum for safety

More than half of building contractors, installers, finishing companies and manufacturers say they go beyond the minimum requirements, such as:

  • Audits, TBMs, start-up consultations and workplace inspections.”
  • Make general protective equipment available.”
  • Repeated attention to safety.”
  • In addition to RIVM regulations, we have our own regulations that often go beyond the general COVID-19 rules.”

About the BouwMonitor

The Corona virus causes a lot of uncertainty for Dutch society and the real estate, construction and installation sectors. At present, a lot of research is done on the effects of the virus by individual parties, but no research looks at the entire building column.

USP Marketing Consultancy and Vakmedianet have therefore taken the initiative to start the construction-wide BouwMonitor. We see, think and believe that manufacturers, real estate parties, traders, trade associations, architects, builders, contractors and installers should also know what is happening to the other parties. The BouwMonitor therefore combines all insights from all disciplines of the construction, installation and real estate sector in one study. The Building Monitor provides monthly insight into important indicators such as the turnover development and order books in the building column. By monitoring all parties, the Building Monitor maps the effects of the Coronavirus on the construction industry and the recovery of the sector.