As spending slows consulting engineers' confidence has plunged to 36%, matching the business and construction outlooks. Short to medium term improvement is not expected. The industry is inclined to adapt to a low-growth environment as infrastructure spending was been hampered by poor economic growth, lower-than-expected revenue by government, international economic instability and price volatility. This is in spite of pending projects under the country's National Development Plan (NDP).
Civil confidence has fallen to its lowest level since 2011. This reveals a weakening in South Africa's construction activity that is expected to continue for the rest of the year. This was indicated by the Q1 FNB/BER Civil Confidence Index last week.
Our country will soon get a code of professional practice and conduct that will hold building inspector practitioners accountable. The first draft of the building inspectors regulations is expected to be released later this year. The National Home Builders Registration Council (NHBRC) and the South African Council for Project and Construction Management Professions (SACPCMP) signed a memorandum of understanding (MoU) to develop the new regulations.
Since its entry into the Overstrand three years ago, there has been a consistent and exponential increase in the building industry's compliance every year, with record payouts at the end of 2015. "It is very encouraging to see that an increasing number of people involved in the building industry in the region realise the value to themselves as well as their peers, and the industry as a whole, of being compliant," says Ronel Sheehan, Secretary of the Building Industry Bargaining Council, Cape of Good Hope.
Sheehan says although there are still a handful of industry players who choose to operate their businesses outside of the law, the trend of massively increasing compliance is a very positive sign.