With expenditure on the proposed Trident renewal programme set to cost in excess of £ 40bn , Construction Global looks at the opportunities for the construction industry to benefit from this increased spend and secure contracts up for tender , part of annual expenditure totalling 2 % of the UK ’ s GDP
With expenditure on the proposed Trident renewal programme set to cost in excess of £ 40bn , Construction Global looks at the opportunities for the construction industry to benefit from this increased spend and secure contracts up for tender , part of annual expenditure totalling 2 % of the UK ’ s GDP
DEFENCE CONTRACTS COVER far more than weapons , aircraft and the like . Procurement teams at the UK ’ s Ministry of Defence ( MoD ) buy a wide variety of products and services ranging from clothing to satellite communication systems , from workforce provision to construction of buildings .
The MoD currently spends approximately £ 19.6bn ( US $ 26.45bn ) with third parties on a diverse range of products and services . This amounts to 40-45 % of total government spend with third parties , with the UK government one of only five NATO member states to meet the alliance ’ s goal of spending 2 % of GDP on defence annually . In addition to this
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