Welcome to the March edition of the BCIS newsletter.
In this issue we present the key highlights of the quarterly BCIS forecasts, outlining our expectations for input costs, tender prices and output across the construction, infrastructure and repair & maintenance sectors over the next five years. We also feature the latest insights from our tender price panels, along with reaction to the latest Bank of England vote on the base rate.
You can stay up to date with the latest news and insights by visiting bcis.co.uk and following us on LinkedIn. In the next week this will include in-depth analysis of the Spring Statement, which Rachel Reeves will deliver to Parliament tomorrow, and the Office for Budget Responsibility’s updated economic forecast. The implications of these will also be covered in our next construction outlook webinar on 1 April, in which our chief economist will consider the industry’s likely prospects over the coming year.
Latest forecasts
BCIS building forecast The latest update to our five-year construction industry forecast, covering projected input costs, tender prices and output, and examining market trends… Read more
Infrastructure forecast The latest civil engineering market report sets out BCIS’s expectations for the infrastructure sector over the next five years… Read more
Facilities management forecast The quarterly BCIS maintenance, cleaning and energy briefing includes expected private and public sector building maintenance, cleaning and energy costs… Read more
Latest news
Bank of England’s latest decision on base rate BCIS chief economist Dr David Crosthwaite shares his views on the Bank’s Monetary Policy Committee vote to maintain the base rate at 4.5%… Read more
Continued growth in housebuilding cost inflation Annual housebuilding cost inflation saw a rise in 4Q2024, with two-fifths of housebuilders reporting an increase in the cost of materials… Read more
Buildings insurance complaints highlight need for reliable data Buildings insurance was the eighth most complained about financial product or service in the latest Financial Ombudsman data… Read more
Latest building materials and components statistics Annual movement in building materials prices dipped in the 12 months to January 2025… Read more
Latest civil engineering tender price movement Civil engineering tender prices increased by an average of 1% in the first quarter of 2025, according to the BCIS Civil Engineering TPI panel… Read more
Tender price index, estimate of tender price inflation, 1Q2025 The BCIS TPI Panel reported that tender prices in the UK increased an average 2.3% in the year to 1Q2025… Read more
Latest insight
What role do digital tools play in decarbonising construction? BCIS explores how the development of digital tools in construction can support decarbonisation progress through effective measuring and reporting… Read more
Why hasn’t Part Z been mandated into Building Regulations yet? Could it be time for Part Z to be incorporated into existing building regulations? Will Arnold, Head of Climate at IStructE shares his view…. Read more
Webinar on demand
Ask the experts: simplifying cost and carbon measurement and reporting in construction Our panel of experts addresses all things cost and carbon, from balancing sustainability with budget constraints to navigating compliance with the RICS standard. Watch webinar
Have your say
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