What is inflation? Definition for inflation in construction & building

News tagged Inflation

Contract for tidal flood defence scheme in Belfast nearly doubles to £32.8M

The construction contract for the Belfast tidal flood defence scheme has ballooned in price to £32.8M following inflation and changes to the positioning of the defences. The post Contract for tidal flood defence scheme in Belfast nearly doubles to £32.8M appeared first on New Civil Engineer.
Kilnbridge lifts margin thanks to ‘inflation recovery mechanisms’

Kilnbridge’s profit has grown by 92 per cent, according to accounts covering its latest financial year. In the year ending 30 June 2023, pre-tax profit at the specialist structures contractor jumped to £3.8m, having been £2m at the end of the previous 12 months. Meanwhile,… The post Kilnbridge lifts margin thanks to ‘inflation recovery mechanisms’ appeared first on Construction News.
EPA Awards $20B in Grants for Greenhouse Gas Reduction Project Financing

The $27-billion Greenhouse Gas Reduction Fund was created under 2022's Inflation Reduction Act.
Family-owned contractor reports record sales

EW Beard Ltd has posted a 9 per cent rise in turnover to hit £179.9m – its highest-ever amount – for 2023, in the face of material supply shortages and price inflation. Turnover in the 12 months to 31 December grew by 9 per cent… The post Family-owned contractor reports record sales appeared first on Construction News.
Former AECOM exec reportedly sues over alleged ageism, profit inflation

Jay Badame’s lawsuit claims the Dallas-based mega-contractor fired him due to his age and for questioning the firm’s earnings statements, according to The Real Deal.

View all

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.