Rather than set out a series of headline, metric based targets by which to measure the success of the recommendations in this report, it is felt more appropriate to set out some wider key characteristics which you would see, feel and hear in relation to the industry's future state. Some of these have quantifiable elements, but success will be implicit if many of the more subjective outcomes below are observed.
• More widespread use of the terms 'Built Environment', 'Built Asset Creation' 'Construction Integrated Manufacturing' 'Construction Engineering' rather than simply 'Building' or 'Construction'.
• Higher levels of industry attraction from Generation Z and a more diverse make up underpinned by a more modern image and wide ranging career routes and prospects mapping.
• Clients seeing the built asset creation phase as being as valuable to them as land assembly & securing planning - a driver of returns rather than a necessary evil.
• Clients, government and the supply chain talking with one voice with regards to strategic direction and outcome-led thinking.
• Large improvement in predictability of outcomes in terms of cost, time and quality.
• Average PMV showing a clear upward direction of travel across industry and with a particular step-change in residential products.
• Volatility of supply chain demand reduced through the overlay of measures to promote a-cyclical and counter-cyclical demand profile.
• A wholesale step-change in the take up of R&D tax credits by industry - moving towards benchmarks set by manufacturing.
• Number of large players in pre-manufacture market increased to 10-20 who can deliver at least 2,000 residential units plus per annum with a spectrum of providers below this output level.
• Flexible collaboration hubs being used by supply chain outside of formal alliances or corporate joint venture relationships.
• Tangible improvement in links between academia and industry (all levels) in relation to R&D that fundamentally redefine products being offered to end users.
• Large parts of programmatic built asset delivery across all asset sectors being linked to high levels of PMV.
• Costs per unit of production starting to fall on long-term trended basis as supply chain capacity and productivity improves.
• Less use of traditional split design & construction contracts and a move to more collaborative integrated contracts.
• BIM embraced by industry - private sector moving to BIM adoption as a business norm.
• Structural margins improved across clients, consultants, supply chain (when corrected for economic cycles).
• Wholesale but positive disruption to established lines of businesses - surveying profession, lump sum contracting, traditional trades, etc - new solutions and service lines being innovated on the back of a 'change or die' ethos.
• HEFE training courses for Built Environment related subjects fully validated by industry, integrated in terms of different types of trainee placement formats and closer links to permanent career opportunities.
• Increase in proportion of PAYE employees across supply chain.
• On project training not being promoted in isolation from wider strategic regional opportunities - greater transferability of skills during development and at maturity.
• Wide-scale adoption of open data platforms to inform and link supply and demand planning.