CITB-Construction Skills has warned that builders of the facilities for the 2012 Olympic Games in London will have to compete for labour with a large number of other big schemes planned for the South East.
It said there were £34bn worth of projects of more than £100m each in the pipeline. This was on top of the normal Greater London construction workload worth about £12bn a year.
The body has forecast that the Olympics will create 33,500 extra construction jobs over the next seven years.
Meanwhile, the Chartered Institute for Purchasing and Supply has reported that construction growth slowed sharply in October to its weakest pace in five months.
Its seasonally adjusted index for the sector fell from 57.2 in September to 53.9. Its Housing Activity Index recorded a level of 48.9 in October against 50.3 in the previous month.
References: Financial Times 03/11/05 page 6, The Times 03/11/05 page 50 (Need to know), page 57, The Guardian 03/11/05 page 29
