Tender/building cost forecast
Article Abstract:
The decline in the value of construction contracts appears to be slowing. The quarterly survey of tender prices shows a fall of 7% during 1991 but this is better than the 15% fall in 1990. New orders are expected to increase in the housing and industrial sectors and tender prices in 1992 should rise by between 2.5 and 4.5%. Costs of materials and labour rose 3.1% in 1991 and a similar increase is forecast for 1992. Mechanical and electrical costs had a similar rise and a 4% increase is expected in 1992. Trends in Scotland and the North West of England reflect the relativley shallow recession in these areas.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
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Tender building cost forecast
Article Abstract:
A survey by Davis Langdon and Everest on the UK construction industry for the first Qtr of 1993 shows that under-pricing for building tenders is decreasing. Building tender prices have decreased by 2% in the first Qtr of 1993 as compared to the fourth Qtr of 1992. Cheap labour is available from East European immigrants and casual labour. Public housing, housing association work and infrastructure are the only areas where contract opportunities are increasing. Unemployment is likely to increase. Building materials prices increased by 1.7% in the first Qtr of 1993.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1993
User Contributions:
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Tender/building cost forecast
Article Abstract:
UK building tender prices decreased by 2.5% in the fourth Qtr 1992 due to contractors reducing preliminary costs and overheads. New orders in the public sector were 61% higher in the 3 Qtrs of 1992 as compared to the same period of 1991. Price levels in 1993 will remain the same as 1992. Materials and labour costs increased by 1.9% in 1992 but wages declined. Costs will rise by 6.5% over 1993. Mechanical costs increased by 3.1% and electrical costs by 5.7%. Price patterns are more stable in the North West as compared to East Anglia and other regions.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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