The Rt Hon Nick Raynsford MP Hon FB Eng has been appointed as the new Chairman of the Construction Industry Council (CIC). Having served as its Deputy Chairman for the past year he has now started a two-year term as Chairman. Stuart Henderson, the former Chairman of CIC, now becomes Deputy Chairman. Addressing the CIC Council, Nick Raynsford spoke about some of the challenges and opportunities facing the construction industry: 'A benign economic environment is fundamentally important to the construction industry. I can well remember the dire consequences of the stop/go pattern that characterised the British economy in the 60s, 70s, 80s and early 90s, when the construction industry suffered disproportionately from being used as an economic regulator and when long-term planning, training and partnering were made well-nigh impossible by a lack of confidence in the future. Even within the generally much more favourable context in which we are now operating, confidence can easily be damaged by short-term changes of direction or reviews of investment decisions as the recent unhappy experience of major PFI procurement in the Health Service has demonstrated.
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