Today I attended the Glenigan Breakfast Briefing when we were updated on the latest state of the construction market, infrastructure opportunities and what’s going on in government. My impression was that during 2006-7 we just did not appreciate how lucky we were. Now we see falls in activity quoted for most sectors, but in many cases this just takes us back to levels in the early 2000s. As we look forward there are still plenty of opportunities; retail development, London offices, railway stations, renewable and insulation upgrades to name but a few. We are also hearing hints that PFI might be back (perhaps we can call it PFI 1.2 in best Microsoft tradition). The government has said it wants to restructure the economy with more industry and an export lead recovery, so perhaps we can even hope for some industrial activity. Even for housing there are suggestions that after a poor 2011 the market should recover (unless Greece defaults and the banks are without cash again).