The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.
The gazetting of an amended Code of Good Practice on Broad-Based Black Economic Empowerment (BBBEE) specifically for the construction industry on 2 November 2017 opens up new opportunities for the industry, says Kwakho Mpepho, Education, Training and Transformation Manager at the Master Builders Association North.
The NHBRC warns unsuspecting housing consumers against a letter allegedly sent out by Cosmopolitan Projects about guarantees on their completed homes.
The completion of the R360 million Admin Craft Basin (ACB) in the Port of Ngqura has opened up opportunities for revenue growth in this young developing port. The new structure will be home to the port’s three tugs and one pilot boat soon, freeing up Berth C101, which was designed to handle revenue generating vessels.
The Royal Institution of Chartered Surveyors (RICS) has launched an insight paper which explores the impact of using artificial intelligence (AI) in the built environment, and the urgent need for industry professionals to understand how it will influence their areas of operation, as technology has a far greater role to play in the future.