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Water industry suppliers could miss slice of record investment The UK water industry is forecast to invest £24 billion over the next five years according to a report published today, which says sector suppliers could be missing opportunities by failing to fully understand tendering systems. The report, published by IMS Business Information Services, says suppliers "could be in for a profitable few years", according to author, Elaine Coles. However Coles warned that, while water companies have to make detailed plans about their investment and procurement public, many suppliers simply don't know how to approach the market or fail to understand the tendering systems in sufficient detail. During the period April 2010 to March 2015, water companies in England and Wales have committed to a £22.1bn capital expenditure, with a further £2.5bn scheduled to be spent in Scotland and £564m in Northern Ireland during the same period. "Despite the current economic conditions, the UK water and wastewater sector has one of the country's most significant investment programmes firmly in place. Manufacturers and consulting engineers could and should be making more of the opportunities presented to them," she said. Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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