Local companies often find themselves locked out of the tendering process and can’t compete with large contractors. These large contractors also have enough capital, or credit, to allow them to build large estates or large build projects. This results in smaller local firms losing out on well-paid contracts.
The planning and contracting regime must change. Contracts must be broken up, where possible, and a system put in place which would allow smaller companies to cooperate as one to bid for contracts. More value must be added to the economic value of local firms and this should outweigh low value bids of larger external companies.
We should also look to allow the system to prioritise local building firms, and not large external firms when it comes to housing development.