Q3 2020
Tender Price Change
TENDER PRICE ANNUAL PERCENTAGE CHANGE - Q3 2020
% | 2020 | 2021 | 2022 | 2023 | ||||
---|---|---|---|---|---|---|---|---|
Regional forecasts | Now | Last | Now | Last | Now | Last | Now | Last |
Greater London | -1 | 1 | -1.5 | 1.5 | 0.5 | 2 | 1 | 2 |
South East | -1.5 | 1 | -1.5 | 1.5 | 0.5 | 2 | 0.5 | 2 |
South West | -1 | 1.5 | -0.5 | 1.5 | 0.5 | 1.5 | 1.25 | 1.5 |
East | -0.5 | 2 | -1 | 2 | 1.5 | 2 | 1.5 | 2 |
Midlands | -1 | 2 | -0.5 | 1.5 | 1 | 1.5 | 2 | 1.5 |
Wales | -3 | 1 | -3 | 0.5 | 1 | 0.5 | 1.5 | 0.5 |
Yorks & Humber | -1 | 1 | -3 | 1.5 | 0.5 | 1.5 | 1 | 1.5 |
North West | -2.5 | 1 | -3 | 1.5 | 0 | 1 | 1 | 1 |
North East | -3 | 1 | -3 | 1.5 | 1 | 1.5 | 1 | 1.5 |
Scotland | -1 | 2 | -1.5 | 2.5 | 0 | 2 | 1 | 2 |
Northern Ireland | -2 | 1.5 | -3 | 1.5 | 0 | 1.5 | 1 | 1.5 |
UK Average (Weighted) | -1 | 1 | -1.5 | 1.5 | 0 | 1.5 | 1 | 1.5 |
![2007 Tpi Q3 Web Assets4](https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q3/2007_TPI-Q3-Web-Assets4.png?w=480&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865695&s=96591820fa9938df00dbb1df17ab810c 480w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q3/2007_TPI-Q3-Web-Assets4.png?w=640&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865695&s=71865698e18799d3b3393c9202cfc2ae 640w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q3/2007_TPI-Q3-Web-Assets4.png?w=800&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865695&s=fe52200612d9dcb9c361e49763b4627f 800w, https://optimise2.assets-servd.host/gt-marketintel/production/uploads/Tender-Price-Indicators/2020/Q3/2007_TPI-Q3-Web-Assets4.png?w=1280&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1649865695&s=a88823cfada7911e291ac313117d1349 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 a with your Gardiner & Theobald team to determine the appropriate base cost.