{"id":22225,"date":"2024-02-12T09:36:57","date_gmt":"2024-02-11T22:36:57","guid":{"rendered":"https:\/\/totalsynergy.com\/?p=22225"},"modified":"2024-12-17T18:24:41","modified_gmt":"2024-12-17T07:24:41","slug":"the-art-of-managing-aec-projects-in-unpredictable-times-blog","status":"publish","type":"post","link":"https:\/\/totalsynergy.com\/the-art-of-managing-aec-projects-in-unpredictable-times-blog\/","title":{"rendered":"The Art of Managing AEC Projects in Unpredictable Times"},"content":{"rendered":"\n
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The UK economic climate is challenging. <\/span>Brexit, the COVID-19 pandemic and global political instability have all contributed to rising inflation, supply chain disruptions and increased uncertainty and volatility in the markets.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

According to recent studies, <\/span>UK construction \u2018project starts\u2019 in 2023 were down an average of 33 percent compared with 2022<\/span><\/a> and <\/span>more UK companies are going bust than at any other time in the past 30 years<\/span><\/a>. The latter Bloomberg report is based on a <\/span>government release on UK insolvencies in the fourth quarter of 2023<\/span><\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

As part of an industry that has multiple stakeholders and low margins, architectural, engineering and construction (AEC) firms are particularly vulnerable in an economic downturn.\u00a0<\/span>\u00a0<\/span><\/p>\n

But despite an uncertain landscape with fewer investors, many industry leaders are adapting to change, mitigating risks, innovating and thriving.\u00a0<\/span>\u00a0<\/span><\/p>\n

This report covers:<\/span>\u00a0<\/span><\/p>\n