We regularly survey our global experts on the key items that are influencing construction escalation within their region. Each region rates each influence. Scores are consolidated to provide insights on escalation influences impacting the global construction industry. Each influence’s proportion is illustrated in the representation below.

We can see that tender price influences globally are dominated by supply-side impacts, particularly material cost and labour availability. It is notable that labour challenges are being driven by the availability of resource and not wage inflation. The availability of skilled trades is a global challenge as demographic shifts are seeing ageing workforces.