In this issue
Project Bank Accounts provide security for Construction Sector
Tender price forecasts rise as contractors turn the screw
BRE Wales: Call For Evidence on the Failure of External and Cavity Wall Insulation in Wales
Welcome to the CIWM Resource Conference Cymru 2015
WRAP: Discover the business benefits of going circular – Cardiff workshop
Table Bookings


Tender price forecasts rise as contractors turn the screw

Mace has upped its tender prices forecast for 2015 as contractors increasingly seek to boost margins and walk away from bidding risky jobs.

The cost consultancy arm of the contractor said construction was becoming a sellers’ market amid rising demand.

Mace has hiked its tender prices forecast for the year by 1%, both nationally to 4.5% and in London to 5.5%.

Rival cost consultants EC Harris and Gleeds are going even further predicting tender prices will rise by 7.5% and 7.0% in the capital this year.

The hardening line being taken by main contractors with clients is causing some tension.

One major private residential client told the Enquirer: “We are looking seriously at changing our favoured contractors because our existing firms are trying to push up prices too far.”

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