Subcontractors are now holding the whip in construction with main contractors “taking a thrashing” as power shifts in the supply chain.
That’s the claim from accountants KPMG following the latest round of industry statistics.
The latest CIPS UK Construction PMI revealed that the availability of subcontractors had fallen at its fastest pace for 17 years as demand outstrips supply.
Richard Threlfall, KPMG UK Head of Infrastructure, Building and Construction, said: “This is leading to increased supplier lead times and higher rates.
