We are pleased to announce the publication of the Q3 2024 edition of Construction Market Intelligence, RLB’s insightful, up-to-date guide to construction activity around the UK incorporating our quarterly tender price forecast.
In our latest edition, we report that in construction, generally, levels of new work output have been falling for well over a year, but the falls have been reducing in percentage terms, suggesting something of a turnaround being underway. Notably, overall repair and maintenance work output volumes have grown in the same period, following on from project cancellations and reticence regarding investment.
The watchword of our findings this quarter in respect of tender pricing is ‘stability’. While some regional forecasts have been trimmed slightly, there is prospect of more work entering the marketplace next year, which is set to constrain any current breakout of price inflation on a project basis.
Read the report online here.
FURTHER INFORMATION:
Roger Hogg
UK Research and Development Manager
