Tender costs to rise more than expected in 2018

Mace has published its quarterly UK construction economic forecasts, showing tender costs are expected to increase more than previously predicted in 2018.

Mace’s tender cost update analyses a number of metrics to produce a forecast of the changes in tender costs in the UK construction sector. The latest report indicates that declining construction output and material price rises will lead to more of an increase in tender costs this year than forecast. 

Read the full article courtesy of The Mace Group.