![]() ![]() As a consequence, the cost of curtain walling is not as sensitive to fluctuations in raw material prices as other forms of cladding materials such as profiled metal decking and sheeting. Materials account for just 30-35% of the total costs of curtain walling, with the remaining costs taken up by design, installation, production and overheads. ![]() The Gardiner & Theobald tender price indices reports very low price rises over the past three years with a forecast of 2-3% over the next two years, rising in 2007/08 with a predicted market peak at 3.5% a year. The market remains very competitive with tight margins and only small inflationary rises being passed to customers. The Gardiner & Theobald survey reports that the majority of firms work on projects up to £5m in value. Such buildings often enhance the reputation of companies working on them. Complex high-value projects are often prestigious, with the curtain walling playing an important part in the image of the building. This sector provides high sales volume when the market is buoyant, but it is an area with less competition as only a few specialists are able to undertake the work. The top end of the cladding market consists of highly complex projects with an overall package value of more than £10m. Even so, the bulk of curtain walling in the UK is still consumed by commercial office developments, and as the demand for office space is predicted to rise in 20, the curtain walling market will undoubtedly get much busier. ![]() In residential accommodation, curtain walling has been increasingly in demand, particularly for high-rise solutions where prefabrication and quick site erection are paramount. Office developments with signature architecture are now under way in Manchester, Birmingham and Liverpool, counterbalancing the slow commercial market in London and the South-east. The regeneration of Britain’s regional cities has particularly boosted demand for curtain walling. Year-on-year growth has been in excess of 10% a year, and controlled growth is expected over the next two years. Although the effects of 9/11 in New York created an immediate slowdown in enquiries, overall levels have picked up significantly over the past two years. Research by Gardiner & Theobald has shown a continued growth in the UK curtain walling market, which has a total estimated annual value of more than £600m. Building Boardroom Digital Construction Academy.Construction Business: Strategy, Risk and Regulations. ![]()
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