When viewed through a global lens, materials costs are driving tender price inflation, along with labour availability (as opposed to wage inflation) and general inflation.
The market disruption and price volatility the construction sector experienced worldwide in the wake of the pandemic demonstrated the connected nature of its supply chains. More than ever, construction materials and labour are linked across nations, regions and the globe.
Analysing global influences on local markets is therefore important, not only from an overall workload perspective but to understand sector differences and their impacts. Use our data and insights on these influences to inform your procurement and project management strategies.
