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HS2 MEETING SIGNALS 20BN GBP IN CONTRACTS

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HS2 MEETING SIGNALS 20BN GBP IN CONTRACTS

Oct 17 2014, 10.42am GMT

Stock.com

High Speed Rail 2 is holding a conference all day to involve the construction industry in the £20 billion project.

At The Queen Elizabeth II Conference Centre in London, the big names in construction and engineering will rub shoulders to vie for a piece of one of the largest projects seen in many years in the UK. The Supply Chain Conference 2014 will focus on delivery with large construction firms such as Siemens, CEMEX UK, FP McCann Ltd, possibly becoming Tier 1 contractors. HS2 do however predict 60% of the contract opportunities going to SMEs with most procurement and therefore investment, happening in the 5 years following 2015.

Promising to be one of the turning points for the UK construction industry, the HS2 project will inject investment into an industry that suffered in the economic collapse. However, the project is still waiting for an Act of Parliament to allow progress, amidst much public discussion. Industry commentators are suggesting that the project lift off could be in less than 2 years. HS2 describe it as ‘Europe’s largest mega-project’.

UK construction output has been stagnant for 2014 and after a tough 5 years for the industry, this will focus on the need for stimulus of growth, though with a possibility of deflation on the horizon, some changes in the contingency plan may be necessary.

Speakers at Supply Chain Conference 2014 are as follows: David Higgins, Chairman, HS2; Simon Kirby, Chief Executive, HS2; Beth West, Commercial Director, HS2; and Alistair Kirk, Programme and Strategy Director, HS2.

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