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Geopolitical unrest clouds outlook as tender prices rise
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Geopolitical unrest clouds outlook as tender prices rise
Tender prices increased by an estimated 0.7% between 4Q2025 and 1Q2026, according to the latest data from the Building Cost Information Service (BCIS). The increase resulted in 2.8% annual growth in the BCIS All-in Tender Price Index (TPI). The estimate reflects the consensus view of the BCIS TPI Panel, comprising cost consultants from firms involved in multiple tenders each quarter. BCIS chief economist, Dr David Crosthwaite, said: “Panel optim…
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