Most Popular Construction Courses in the UK |

Construction is one of the most popular career choices in the UK employing over 6% of the total workforce. It’s also a leading source of self-employment accounting for nearly a million businesses across the country.There is decent money and fruitful career to look forward to in this industry, even more so if you are equipped with right skill-set and qualifications.Doing a construction course is often the best way to get the right CSCS Card and above all build up safety and administrative skills required to be effective in your role.Amid the sea of courses, we have sorted out the most popular courses in the construction industry for you to pursue. They serve most of the construction trades and there is a good chance one of them should be right for you.Most popular courses in the construction industry are:1-day CITB Health and Safety Awareness Course:Who should take this course?It’s meant for labourers, unskilled workers, and those skilled workers – like carpenter, bricklayer, mason, plumber, electrician etc. – who lack qualifications needed to obtain a relevant CSCS Card.What do I learn?This 1-day course is essential to get, or renew, CSCS Green Labourer’s Card. You learn basic skills needed to identify and alleviate health and safety hazards prevalent on sites. The certificate is valid for 5 years before you require taking it again.This is by far the most popular CITB Course and majority of tradesmen who want Green Labourer Card opt for it. The only catch is you have to take it every time you renew your card and if that is an irritant go for the course mentioned below: it’s tailor-made for tradesmen just like you.Level 1 Award Health & Safety in a Construction Environment:Who should take this course?It’s for the same group of tradesmen that the above CITB Health and Safety Awareness Course is for. The only difference is that Level 1 Award is valid for life and you are exempt from doing it, or any other course, again to get – or renew – Green CSCS Card.What do I learn?Though this is a 5-day course, there are training providers who can fit it into a day as well for those a little short on time. Here you are trained to ensure safer and healthier sites by developing capacity to preempt onsite health, safety and environmental hazards.SSSTS Site Supervisors’ Safety Training Scheme:Who should take this course?People working, or want to work, as supervisor in construction industry.What do I learn?This 2-day course equips you with legal, behavioral and managerial aspects of onsite safety that your role as a supervisor requires to ensure healthier, safer and environment-friendly sites. This certificate is valid for 5 years before you need to renew it with the 1-day SSSTS refresher course.SMSTS Site Management Safety Training Scheme:Who should take this course?People working, or looking to work, as Managers on construction sitesWhat do I learn?There are legal, behavioral, administrative and practical aspects of onsite safety you need to know and follow as a manager and this course prepares you for that. This certificate is valid for 5 years and then you can renew it with the 2-day SMSTS refresher course.These courses are construction industry attempt to improve the productivity and safety at workplace and going by the stats – onsite accidents and illness almost being halved in a decade – we can say they have succeeded to a great extent.Have a safe and fruitful career!

Construction Loans – Good as an Interim Measure of Financing Construction Activity |

Construction of your house is going on at a normal pace when the depleting finances threaten to disrupt the process. The derailment in the construction activity will significantly increase the cost of construction. If arranging finance within such a short notice is turning out to be a difficult proposition for you, then a construction loan will be helpful.Construction loan is a short-term loan unlike mortgages and home loans that have a protracted repayment. The loan provider in this case will offer the loan until the borrower regains the occupancy rights to the home. This means that as soon as the borrower completes construction and makes the home as a primary residence or a second home, the loan is due for repayment.There are no standardized guidelines to state the terms of the
Construction loans as in case of mortgages, which are governed by the rules made in Financial Standards Association (FSA). Depending on the individual case specifications and the degree of consideration that a borrower receives from the lender, a borrower may be able to get construction loans at differing terms.The rate of interest for instance will be derived depending on the stage at which the construction is, and with all parties to the agreement, i.e. lender, borrower, and contractor (if any) consenting to the rate found. Since it is a short-term loan, construction loan borrowers must be prepared to shell out a greater amount as the rate of interest. Mostly the rate of interest is charged on the basis of adjustable/ variable rates.Another distinguishing feature of construction loan is that it is generally repayable through small interest-only repayments. This makes them more convenient for borrowers since the repayable instalment further lessens. However, this may be taxing for people who will find it difficult to arrange the entire amount immediately after completing the construction of home, which in itself is an expensive affair.For long-term financing needs, the construction loan has to be converted into a permanent loan known as a take-out loan. The conversion gives additional finance to the borrower along with an extended term of repayment. Till the borrower finishes construction, it is a construction loan. As soon as the construction is over, the loan is converted into a mortgage.However, this has its drawbacks. Borrower is locked in the deal at the terms of the lenders. The options available are limited. Either accept the terms of the lender or make an immediate repayment. And a majority of the borrowers go for the former, i.e. accept the deal being offered by the loan provider.Rate lock is an important method by which borrowers can escape the vagaries of the interest rate. The method of rate lock does not allow the rate of interest from rising beyond a certain level. The number of days that the borrower wants the rate lock to be in effect will decide its price. Rate locks are typically for a period ranging from 30 to 60 days. Rate locks become a limitation when the rate outside fall further.In construction loans, as in case of mortgages and secured loans, home is in equal danger of being repossessed for non-payment of the amount due. As per the rule, the borrower has to put his primary residence as collateral. Expert advice thus holds a place of prominence in the process of decision-making. There are a number of sources from where advice may be had easily. These include an attorney, certified public accountant, or realtor unrelated with the loan providing organisation. Individual prudence also needs to be applied because it is the individual who is better aware of his financial circumstances and thus the best decision maker.