Despite pausing rate hikes, ‘inflation is too high’: Fed chair

The news didn’t surprise apartment investors, who tuned in for signals indicating future rate increases.

OCR on hold but probably only temporarily

The decision to keep the official cash rate unchanged at 2.75% wasn’t widely expected, but nor was it a clear-cut call either — the three of seven committee members voting to increase it being just outweighed by the four “holders”. Indeed, despite today’s hold, the commentary attached to the decision highlighted ongoing inflation, risks and […] The post OCR on hold but probably only temporarily appeared first on Building Today.

Rising inflation triggers £1.1bn business rates hike next April

Businesses across England face a £1.1bn increase in business rates from April 2027 following last month’s inflation spike, according to analysis by global tax firm Ryan. The post Rising inflation triggers £1.1bn business rates hike next April appeared first on Property Week.

Stemming the rising tide

The £249m Bridgwater Tidal Barrier scheme is being reshaped to withstand not only the risk of widespread flooding but also another threat – inflation. David Taylor reports

Rising interest rates and inflation concerns dampen commercial property’s recovery

With additional uncertainty ahead of the Autumn Budget, the optimism seen earlier in the year has been tempered, according to a report by Savills. The post Rising interest rates and inflation concerns dampen commercial property’s recovery appeared first on Property Week.

BCIS - Are you using the right index? Managing inflationary risk on construction projects 12062023

As we continue to face increasing cost pressures on our construction projects, there’s never been a better time to remember the importance of managing inflationary risk within our projects and programmes. In this webinar BCIS explore the importance of selecting the right index when updating project costs. They highlight the different types of indices available, what they cover and how to manage inflation with our golden rules.

BCIS - Construction Inflation: is delivery a problem? 03072023

With 69% of British civil engineering firms reporting difficulties with finding skilled operatives, it’s perhaps no surprise that HS2 is now facing a labour shortage. As labour looks set to become the next cost driver, we ask the question: Construction inflation: is delivery a problem? The BCIS webinar team will provide valuable expertise and insights throughout the session. Attendees will also have the opportunity to submit questions.

Metroun - How to Adjust for Inflation on Construction Projects 07602023

In the last year, we’ve seen record high inflation with the UK reaching a peak of 14.2%. Its taken a huge toll on the price we pay for goods and services. The construction industry is no different. But how do we factor inflation into the cost of construction and what measures can we include within contracts to ensure inflation doesn’t have an adverse effect on the programme of a contractor? Watch this brief video from Metroun

Construction Management - Why insolvencies will not slow down any time soon, May 2023

Despite avoiding a recession in 2022, the construction sector must brace itself for the likelihood of rising insolvencies, writes Pablo Cristi Worm

RICS - APAC - A New Cycle for CRE? (Corporate Real Estate) 23052023

How is the Commercial Real Estate market shaping up in the face of the evolving economic environment? We present the results of the latest RICS Global Commercial Property Monitor and discuss with leading participants in the sector their insights on the opportunities for the rest of the year as well as the potential risks to the property market.

Everyone has been talking about how to manage cost inflation but looking ahead, might insolvencies become the latest top risk to your business?

How is inflation being dealt with in Compensation Events on NEC contracts? Has anyone experience of this so far?

What should contractors and clients be doing now to plan ahead for an onslaught of price escalation?