What is inflation? Definition for inflation in construction & building

News tagged Inflation

‘Weak’ short-term confidence drives new tender inflation forecast

The construction industry is “caught between weak short-term confidence and longer-term demand”, a new tender price inflation forecast has warned. In its latest quarterly outlook, consultancy Stace predicts construction tender price inflation of 3.5 per cent for 2026, followed by 3 per cent in 2027… The post ‘Weak’ short-term confidence drives new tender inflation forecast appeared first on Construction News.
Forterra revenue hit by ‘challenging’ trading conditions

Inflation stemming from Middle East war will mean full-year results weighted to second-half
Iran war inflation crimps profits, plans for investment, hiring: NABE

Half of the respondents to a National Association for Business Economics survey put the odds of a U.S. recession in the next 12 months at 26% or higher.
Brace for 5% tender price inflation, report says

Infrastructure contractors should prepare for tender price inflation of up to 5 per cent, consultancy Turner & Townsend (T&T) has warned. But the consultancy said construction firms should be wary of any “premature reactions” to the difficult situation. T&T said close cooperation with supply chains… The post Brace for 5% tender price inflation, report says appeared first on Construction News.
Brace for 5% tender price inflation from Iran war, report says

Infrastructure contractors should prepare for tender price inflation of up to 5 per cent due to the war in Iran, consultancy Turner & Townsend (T&T) has warned. But the consultancy said construction firms should be wary of any “premature reactions” to the difficult situation. T&T… The post Brace for 5% tender price inflation from Iran war, report says appeared first on Construction News.

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Resources tagged Inflation

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.