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Q3 2017

Tender Price Indicator

Input Costs Macro Economics Tender Price Trend Tender Price Change

The pause in demand for new orders is starting to bite as uncertainty over UK economic growth remains.

Our forecast for 2018 is for a slowing in construction opportunities with the rate of price growth reducing due to market constraint and single stage tender action making a resurgence.

Headline rates of tender price inflation for 2018 are down to 1% for the UK average and a median of 0% for London, with more prospect of downside than upside pricing.

2019 headlines remain unchanged at 1.5% UK average and 1% London median, whilst forecasts for 2020 and 2021 have reduced by 0.5%.