Job Description

Job Summary:

The Construction Economist plays a pivotal role in providing economic analysis and strategic insights to support decision-making within the construction industry. This position involves evaluating industry-wide economic trends, forecasting market conditions, assessing policy impacts, and advising on economic strategies. The ideal candidate will have a deep understanding of both economic principles and the construction industry, coupled with strong analytical and communication skills.

The Construction Economist will have the following respondibilities:

Industry Economic Analysis:

• Conduct comprehensive economic research and analysis related to the construction industry.
• Analyze economic data and trends to forecast industry conditions and market dynamics.
• Evaluate the economic impact of regulatory changes and policy developments on the construction industry.

Cost and Market Forecasting:

• Develop detailed market forecasts for construction costs, labor, and materials.
• Monitor and analyze construction industry costs, identifying potential cost-saving opportunities and market risks.
• Provide financial and economic forecasts to support strategic planning and decision-making.

Market Research and Competitive Analysis:

• Conduct market research to assess supply and demand dynamics in the construction industry.
• Analyze competitive market conditions and provide insights on industry trends and emerging markets.
• Advise on the economic impact of technological advancements and innovation in construction methods.

Policy and Regulatory Analysis:

• Assess the economic impact of government policies, regulations, and initiatives on the construction industry.
• Provide analysis and recommendations on regulatory changes affecting the industry.
• Collaborate with industry associations and government bodies on policy development and advocacy efforts.

Economic Reporting and Presentation:

• Prepare comprehensive reports and presentations on economic findings and recommendations.
• Communicate complex economic concepts and analyses to stakeholders, including industry leaders, executives, and policymakers.
• Provide regular updates on economic conditions and their potential impact on the construction industry.

Strategic Collaboration and Support:

• Collaborate with industry stakeholders, including construction firms, trade associations, and financial institutions, to integrate economic insights into strategic planning.
• Support industry initiatives aimed at improving economic sustainability and efficiency.
• Advise on economic strategies to enhance industry competitiveness and growth.