No significant breakout in tender prices is expected in the UK construction sector even though input costs continue to rise, according to the latest edition of RLB’s Construction Market Intelligence.
The RLB weighted average of tender price uplifts, weighted by regional new orders volumes from ONS data, shows a very slight firming of tender price movements at a national level, which our report says is reflective of recent workload uplift and expectations of upcoming spend from the public sector.
As of Q4 2024, RLB’s forecast tender price uplift for 2024 is 3.03%, slightly up from the previous quarter’s forecast of 2.97%.
Read the full report online here
FURTHER INFORMATION:
Roger Hogg
UK Research and Development Manager
