Q2 2020
Tender Price Trend
![London Forecast Tpi Scenario](https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/London-Forecast-TPI-Scenario.png?w=480&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865760&s=f6dddabeb237f077028ce4907cf9fb3b 480w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/London-Forecast-TPI-Scenario.png?w=640&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865760&s=e15cc79c756dc7906af13dacbbe83c40 640w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/London-Forecast-TPI-Scenario.png?w=800&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865760&s=4aa3e4514c2c587bc81da804dbdfedac 800w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/London-Forecast-TPI-Scenario.png?w=1280&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865760&s=4cc17325c09d436b14a5686ed9f73927 1280w)
![Uk Average Forecast Tpi Scenario](https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-Forecast-TPI-Scenario.png?w=480&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=db5a18273b833e968d20340e55b33e25 480w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-Forecast-TPI-Scenario.png?w=640&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=8ad8cff32766d40533f0736bfb0a90a9 640w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-Forecast-TPI-Scenario.png?w=800&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=4047100006989af70400693bbd52f39e 800w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-Forecast-TPI-Scenario.png?w=1280&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=1b6570e54db85563ec7e94d3c0cdf3ca 1280w)
![Uk Average V Bcis All In](https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-v-BCIS-All-In.png?w=480&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=fa74f5372a75e31d7f69b0ff0b6002a8 480w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-v-BCIS-All-In.png?w=640&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=93929237435ecaff8fc24deca3d30534 640w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-v-BCIS-All-In.png?w=800&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=545269d4084de239b0bc556c72bc25b9 800w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q2/UK-Average-v-BCIS-All-In.png?w=1280&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865757&s=b7be5f061dafc84c0ac197529ead15c8 1280w)
Our advice is to review each project on its own merits. This forecast publication must be treated as a guide only, being that it is based on averages of various types and sizes of projects across a region, ascertained through our latest market research. The quality, both of design and desired end product, procurement route (particularly ownership and transfer risk), delivery timescales, complexity of design and desire of contractors to tender should be carefully considered in project specific estimates and their outturn cost.
Suitable allowances should be made for project specific designs, site conditions and local market conditions, which should be reviewed regularly with your Gardiner & Theobald team to determine the appropriate base cost.