According to the Construction News the Greater London Authority is going to review the London Development Panel in an attempt to bring SME and smaller constructors into London housing development.
The London Development Panel consists of 25 big housebuilders, contractors and housing associations and was created in 2013 as a list of pre-qualified developers to be involved in London’s £5bn housing projects.
The panel is supposed to be running till 2017, however the GLA is bringing it under review aiming to give more opportunities for construction SME.
London authorities want to see more small and medium size construction companies involved in London housing development. The reason is that construction SMEs are capable of delivering new and more diverse models for housing; besides small contractors are also more flexible and can develop much smaller sites.
The authorities are taking great interest in the offsite manufacturing sector too, as they see its great potential in helping them achieve their development targets.
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