Link to the Show / Show Notes
The UK's largest construction firms have offered a glimmer of hope to subcontractors striving to beat the recession. In a shrinking market where competition is fierce, new research from NetRegs.gov.uk shows that 95 per cent of large firms will give preference to subcontractors who can prove their green credentials.
The survey shows that during a time of oversupply, large firms with a turnover in excess of £10 million will increasingly use a subcontractor's environmental credentials as a key factor when deciding how to award contracts.
The results also highlighted that 87 per cent of large construction firms have more confidence in subcontractors with proven green credentials: 76 per cent of them citing a reduced risk of prosecution. In addition, over half of respondents (56 per cent) think green policies will save subcontractors money - a welcome bonus in these tough economic times. A staggering 93 per cent of construction industry bosses also think that proof of environmental responsibility will move up their firm's agenda over the next two years.
For a clearer picture of how adopting positive environmental practices can boost the fortunes of your own business, click on the link below to watch a video report with comment from ED Mitchell, Head of Business Performance and Regulation for the Environment Agency. Whilst Stuart Rowe, Contracts Executive, from contractor Ellmer Construction Ltd and Bill O'Connor, Director at sub-contractor Beckdene discuss the changes they have made to their waste management in recent times to improve their green credentials.
For more information visit www.netregs.gov.uk
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