FIGHT FOR SURVIVAL

This article discusses some major changes to the situation of professional engineering consultancies in the UK, and how consultants view their future. Some of the driving forces facing these consultancies are similar to those faced by municipal engineers; they include financial pressures and Government policies. Sharp price reduction has followed declines in the highways and water markets, combined with unrestricted fee competition. With these very thin margins, consultants must still invest in new technology and regional offices. In this 'hard-headed' high-risk business climate, long-established partnerships have become corporations. Mergers, foreign takeovers and other changes have caused much anxiety. Clients increasingly expect their consultants to be a 'one-stop' shop, providing a full range of services. The consultancy market is expected to continue its polarisation into large multi-disciplinary companies at the top end of the range and small niche consultants at the other end. Compulsory competitive tendering (CCT) will bring the greatest change ever to the consultancy industry, and many firms will find it very hard to adapt to it, even though it could improve the prospects of some consultants.

  • Availability:
  • Corporate Authors:

    THE HEMMINGS GROUP LTD

    32 VAUXHALL BRIDGE ROAD
    LONDON,   United Kingdom  SW1V 2SS
  • Authors:
    • SILKE, E
  • Publication Date: 1995-10-19

Language

  • English

Media Info

  • Pagination: p. 18,20-22
  • Serial:
    • SURVEYOR
    • Volume: 182
    • Issue Number: 5361
    • Publisher: Hemming Group, Limited
    • ISSN: 0039-6303

Subject/Index Terms

Filing Info

  • Accession Number: 00717982
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD
  • Created Date: Mar 20 1996 12:00AM