September 2024
Welcome to the September edition of the BCIS newsletter, in which we consider the potential consequences of contractor ISG going into administration, as well as setting out our latest five-year forecasts for new work output, input costs and tender prices.
We also have the latest quarterly insights from our UK TPI panel and our tender price assessment and contractor panels in Scotland, covering a whole range of issues from logistical challenges to appetite to tender and pipeline expectations. You can stay up to date with the latest news and insights by visiting bcis.co.uk and following us on LinkedIn.
| Latest news |
| ISG collapse will have far-reaching consequences Our Chief Economist reflects on the failure of ISG, which is likely to have serious knock-on effects for the sector… Read more |
| BCIS building forecast BCIS’s latest five-year forecasts set out expectations for new work output, construction costs and tender prices… Read more |
| BCIS infrastructure forecast The latest civil engineering market report sets out BCIS’s expectations for the infrastructure sector over the next five years… Read more |
| BCIS tender price index – estimate of tender price inflation Annual growth in the BCIS All-in TPI was 2.1% in the third quarter, and the BCIS TPI panel highlighted factors impacting the tendering environment… Read more |
| Average weekly earnings in the construction industry Construction again saw the lowest annual growth in average weekly earnings of any sector in July… Read more |
| Latest construction output figures Construction output decreased 0.4% in July 2024 compared with the previous month, according to the latest ONS data… Read more |
| Movement in tender prices in Scotland Contractors’ appetite to tender, pipeline expectations and logistical challenges in Scotland were all discussed by the BCIS Scottish Tender Price Assessment Panel… Read more |
| Movement in contractors’ construction costs in Scotland Construction input costs in Scotland increased by an average of 5% in the year to 3Q2024… Read more |