1. ECONOMICS ASSIGNMENT 2: Markets, Competition and Finance 4 TASKS
Task 1: Assessment Criteria P3.1
Task 2: Assessment Criteria P3.2
Task 3: Assessment Criteria P4.1
Task 4: Assessment Criteria P4.2

2. Task 1 P3.1
The estimating director of your construction company has approached you to help
expand the market and client base of the organisation by undertaking some
investigation and research for the company.
Produce a short report that examines the component parts of the construction and
built environment sector, (in terms of size i.e. number in each sector, volume of work,
value of work), and client base, (public, private, voluntary, local, regional, national,
international)
Task 2 P3.2
The marketing director has reviewed your report and has expressed some
concerns over the statistics that you have quoted on the outputs
Report back to the marketing director with a comparison on the outputs
of the following
Housing
Commercial
Public Buildings

3. Strategy……. in report format……. 3.1
Determine the component parts of CBE sector using
available statistics to produce a synopsis that details:
size i.e.
number in each sector
volume of work
value of work
client base i.e.
public
private
voluntary
local
regional
national
international
3.2
Undertake a full analysis on available data, making a comparison across 3 output sectors:
Housing
Commercial
Public buildings
Use charts, graphs and data
on outputs
P3.2
A comparison made graphically with detailed evaluation on the outputs of the different parts of the CBE sector
P3.1
A synopsis of the different types of client and the component parts that are produced in the CBE sector

4. We need data in the form of statistics to assist with
answering P3.1 and P3.2
P3.1 explain the component parts of the construction and built environment sector in terms of size and client base
P3.2 compare the outputs of component parts of the construction and built environment sector 1. 2.

5. Composition of the UK Construction Sector:
‘GVA’ measures the contribution to the economy of each individual producer, industry or sector in the United Kingdom. 
Source:
GVA and no. of businesses: ONS Annual Business Survey (2011 provisional results). Employment BIS analysis of ONS Labour Force Survey micro data (January – March 2013 data).

6. The spring forecast said:
The UK’s Construction Products Association said it expected sectors of the industry to grow by as much as 18% in 2014, according to its spring forecast.
The association said the construction industry’s recovery was becoming stronger and broader, and it pointed to increases in private house building, together with growth in the infrastructure and commercial sectors.
13 Apr 2014
The spring forecast said:
private housing starts would rise 18% in 2014 and 10% in 2015
commercial office construction would increase 7% in 2014 and 10% in 2015
infrastructure activity would grow 10.1% in 2014 and 7.2% in 2015

7. Construction is a major contributor to UK GDP
(c. 8.5% in 2008, £124 billion)