Building costs to soar by 14% in five years, experts say

Building Costs and Tender Prices Rise in Five Year Construction Forecast - Roofing Today

BUILDING COSTS will increase by a predicted 14% over the next five years to Q2,30, while tender prices will rise by 15% over the same period, according to the latest construction forecast data from the Building Cost Information Service (BCIS). New work output is also expected to grow by 18% between 2025 and 2030. Dr David Crosthwaite, BCIS Chief Economist Dr David Crosthwaite, Chief Economist at BCIS, comments: “At the mid-point of the year, the…

Building costs to soar by 14% in five years, experts say

Building and tender costs are both set to soar in the coming years, as labour costs continue to force up pricing, according to experts. Tender costs will ramp up by about 15 per cent by 2030, the Building Cost Information Service (BCIS) said, while building… The post Building costs to soar by 14% in five years, experts say appeared first on Construction News.