PRESS RELEASE BY MBD...

UK CONSULTING ENGINEERS MARKET RESEARCH REPORT

RELEASED: JUNE 2007

After researching the UK consulting engineers market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

MARKET REVIEW 2002-2006:

Growth has been a key feature in UK consulting engineering fees over the five year period ending in 2006. In the latter year, total value of fees rendered increased by 14% to an estimated peak level of £11 755 billion. The increase in fees rendered reflect the increase in work load from both the construction and civil engineering sectors particularly, the road, rail and environment sectors. Development in the latter sector mirrors that of the rising interest of climate change. Income derived from the facilities’ management sector were significantly increased by almost 40% in 2006, indicating the popular trend in contracting out services. The rise and fall of UK fees rendered from consulting engineers indicate the trends in construction and civil engineering work. In 2002 UK fees increased by a highly significant 60%. In that year both construction and civil engineering activity were at its strongest. Growth has since moderated to just 3% in 2005, mostly reflecting the combined impact of the decline in civil engineering activity in 2003 and 2004 and a slowdown in demand for public sector work in 2005. However, as reflected in the fees rendered for 2006, demand for consultancy on transport, environment, housing, energy has strongly increased and is expected to continue in the short term. Furthermore, London and South East are seen as major growth areas for activity, underlining the importance of the 2012 Olympic Games.

MARKET FORECAST 2007-2011:

Due to the buoyant construction and civil engineering markets, UK consulting fees are projected to increase over the forecast period. By 2011, the value of fees is anticipated to reach £12 582 million at 2006 prices. Fees rendered from the power sector are expected to contribute to the overall development of the total fees in the short term, reflecting the impact of price reviews by the industry regulator. Investment in a number of other sectors is also expected to increase consulting fees particularly, roads/rails sector, ports, build, water ad telecommunications. Overall consulting fees, including income derived from overseas work is anticipated to increase by 7% in real terms compared with 2006.

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