2024-04-22March 22, 20242024-03-22
News
Collaborate for the sake of the Construction Industry

Pagabo, a framework provider, has launched a ´Future of Construction´ campaign and is calling for construction companies to collaborate and work together in a bid to drive change and tackle long-standing industry issues.

Executive Chairman at Pagabo, Gerard Toplass said: “Realistically, the future of construction starts today, so the sooner we can begin collaborating for wider industry change, the sooner we will be reaping the benefits.

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“One of the biggest drivers in everything we do at Pagabo is to do things better, to do better things. But this is not just in relation to the work we do with our clients and ecosystem, but all work within the industry. We are launching this campaign to drive towards the industry we want and need in the coming years.

“Lots of challenges lie in societal shifts – whether this is changing attitudes towards mental health within the sector, practice changes to protect the environment or changes in political policies. The role of social value is also set to play an even bigger part in the picture, as it will help demonstrate how absolutely crucial the work we all do is to improving the country and the economy.”

The launch was also attended by experts in construction-led technology including John Connolly, managing director at C4DI, Rob Lewis, director at 54 Degrees North, and Lord Bob Kerslake, who was recently appointed Pagabo non-executive chairman.

Connolly said: “Over the next few years, and crucially in the wake of the current pandemic, the companies that will be truly successful are those that are able to collaborate.

“The exciting point lies in the middle – where small and large tech and construction organisations can work hand in hand to create something really innovative and special.”

Lewis, added: “The construction industry can learn from the disruption we are seeing in other sectors like health. Here we are seeing shifting attitudes in terms of what people expect from their health, and this is leading to technology applications, such as measures to personalise health interventions.

“Mixed reality is also proving incredibly valuable as a learning tool – and these technologies could find wide application in construction too.”

Pagabo are also continuing research into skills and training and the effects of a workforce that is nearing retirement.  Gerard Toplass stated: “Another big pressure on the industry we have to consider is the ageing workforce. We could lose up to 25% of our existing workforce by 2030 as people reach retirement age or are no longer able to work due to health reasons.

“The workforce of tomorrow will want – and expect – things such as technology-driven practices and improved work life balance. This means that it has never been more crucial to ensure that construction is seen not just as a job, but an enticing career option.

“We must ensure that the skills gap we are currently facing doesn’t widen, and that training is fit for the new practices that digital transformation will bring.

“We are looking forward to working with our collaborators across the industry to identify and develop new training programmes, as well as ensuring that the existing workforce is able to upskill and reskill where appropriate.”

Many problems that have been highlighted through the campaign were already present within the construction industry long before the onset of the Coronavirus outbreak. Sustainability, skills and training are all issues that will shape the future of the industry, with the current pandemic only highlighting the need to collaborate and share information.

Learn more about the ‘Future of Construction‘ campaign.

Compariqo offers bespoke re-financing and insurance solutions to the property sector. Contact one of our advisors today.

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