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 |
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.