UK tender price inflation
Predicting tender price increases continues to be difficult, with a range of views across the industry. The diagram below shows BCIS’s central forecast compared to several of our industry peers, highlighting this issue. If you want to know how construction inflation should be forecast for your project you should engage with your local Faithul+Gould office to determine the local forecast.
Several supply and demand factors for construction impact tender prices. These factors vary across projects and locations. In consideration of these factors and the overall economic picture in the UK, we estimate the following average tender price increases:
This tender price forecast is a UK average for discussion purposes only. For a tender price inflation forecast for your project please contact your local Faithul+Gould office.