Market drivers Demand Demand for construction and civil engineering work can be divided in broad terms into public and private sectors. Public sector work is work for any public authority such as: • Government departments • Public utilities • Universities • The National Health Service, and • Local authorities. Private sector work is for a private owner or organisation or for a private client and includes: • Work carried out by fi rms on their own initiative • Work where the private sector carries out the majority of the risk/ gain. Increasingly, the distance between public and private sectors is disappearing with the introduction of strategies such as the Private Finance Initiative, which is included in Chapter 4. Demand for construction is infl uenced by the following factors: • The industry is vulnerable to economic infl uences as witnessed by the downturn in the UK housing sector in 2008. Figure 1.1 illustrates that the last 40 years have seen a number of periods of ‘ boom and bust’...