In our TPF Q1 2023 report, RLB provides a forecast of tender price uplifts for UK regions, for 2023 to 2025.
Results show that the UK construction industry is markedly busy, even against a background of economic uncertainty and project-specific lead-time, delivery and general resource-shortage challenges. Forecasts suggest a flattening of the input price increases that have been experienced over the last year, and a moderation of the levels of tender price uplift alongside.
With struggles with inflation and interest rate increases in the UK and continued supply chain issues due to the lingering effects of COVID-19 and unresolved situation in Ukraine, emphasis is being placed on procurement models and advice featuring methods of approach which deal with the additional risks now in play.
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FURTHER INFORMATION:
Roger Hogg
UK Research and Development Manager
