Latest articles on Indices and Forecasts report 
Construction contractors are not passing on the full impact of the rising costs of materials and wages(05/08/2008)
According to the latest Tender Price Index compiled by RICS’ Building Cost Information Service (BCIS), construction contractors are not passing on the full impact of the rising costs of materials and wages, amid fears of a credit crunch backlash from clients unable to secure finance for new orders. The price of new construction work in Q1 2008 fell by 2.4 percent compared with the previous quarter whilst costs rose by 1.1 percent in the same period. Overall workload demand for the year to ... [more]
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