Tender Price Indicators
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Q3 2020
Q3 2020
Given the uncertainty at the time, our previous TPI forecast used a scenario-based approach, outlining how different market conditions might weigh in on tendering conditions. Whilst there are still many unknowns with regards to the type of recovery that will materialise, it has become clear that substantial deflationary pressures will affect input costs and tender pricing into 2021.
By Gavin Murgatroyd
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Q2 2020
Q2 2020
Hopes of entering into a period of relative calm and greater market certainty have firmly been put on ice as we find ourselves facing the prospect of a ‘new normal’ in the wake of the coronavirus (COVID-19) pandemic.
By Gavin Murgatroyd
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Q4 2019
Q4 2019
As we enter the second phase of Brexit, a few unknowns still hang in the balance. Will the UK secure the ambitious free trade agreement? And will the upcoming budget spark an 'infrastructure revolution'?
By Gavin Murgatroyd
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Q3 2019
Q3 2019
After a relatively strong start to the year, UK construction output has been on a general downward trajectory since February.
By Gavin Murgatroyd
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Q1 2019
Q1 2019
The current economic and political climate is proving to be a breeding-ground for indecisiveness and this will inevitably have an impact on new business confidence and order book volumes.
By Gavin Murgatroyd
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Q4 2018
Q4 2018
Construction output surprised many towards the end of 2018. In the year to November 2018 construction output (All Work) in the UK grew by 3.4% despite unparalleled levels of political uncertainty.
By Gavin Murgatroyd
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Q3 2018
Q3 2018
Some tender price inflation and forecast changes but our forecast for UK average tender price inflation remains unchanged.
By Gavin Murgatroyd
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Q2 2018
Q2 2018
As UK economic growth slows, the construction industry remains resilient albeit at reduced levels of growth.
By Gavin Murgatroyd
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Q1 2018
Q1 2018
Prospects for growth remain limited with the post-Brexit horizon still developing, making medium and long-term forecasting more difficult to formulate.
By Gavin Murgatroyd
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Q4 2017
Q4 2017
Forecast for construction demand continues to weaken as investment in buildings and infrastructure is paused or delayed.
By Gavin Murgatroyd
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Q2 2017
Q2 2017
Whilst timescales for Brexit become clear, details of the new market for 2019 and its impact on construction remain uncertain.
By Gavin Murgatroyd
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Q3 2017
Q3 2017
The pause in demand for new orders is starting to bite as uncertainty over UK economic growth remains.
By Gavin Murgatroyd
