BCIS offer trusted and reliable information from a wide range of property and construction related sources. From insurance to infrastructure, asset and facilities management to construction early cost advice, we deliver independent data so you can increase cost and performance certainty whilst helping manage and mitigate risks.
Last Updated: 14/05/2025
Join us for a practical webinar focused on benchmarking, a powerful, underused technique that compares estimates to real-world data from completed projects.
Our experienced panel will explore how benchmarking can provide a much-needed reality check and improve forecasting accuracy by grounding predictions in evidence, rather than speculation.
Date: Thursday 5th June 2025 Time: 11am
Last Updated: 30/04/2025
Welcome to the April edition of the BCIS newsletter in which we bring you the latest news and insights from across the construction industry. This month we explore the potential fallout from continued global economic disruption alongside a mixed picture closer to home – from the positive rise in construction output recorded by ONS for February, to the ongoing contraction reported in the S&P Global UK Construction Purchasing Managers’ Index for March.
You can stay up to date by visiting bcis.co.uk and following us on LinkedIn. In the next few weeks, we’ll be analysing the next set of New Orders data, tracking the impact of the Bank of England’s base rate decision, and reporting on the latest construction earnings trends.
Latest News
Strong earnings growth continues in construction sector Construction wages increased by over 6% in the year to February 2025, outpacing earnings growth in the economy as a whole… Read More
House price indices show continued growth UK house prices increased in the year to March 2025, according to both Halifax and Nationwide indices… Read More
Latest building materials and components statistics Brick deliveries increased in the 12 months to February 2025, but are still down compared with pre-pandemic levels… Read More
Positive news as construction output increases in February Construction output increased by 0.4% in February compared with January 2025, according to the latest ONS data… Read More
Construction activity declined for the third month in a row in March The latest update to the S&P Global UK Construction Purchasing Managers’ Index… Read More
Latest Insight
Construction inflation: reflecting reality with project cost data The newest additions to the basket of goods used to track general inflation are a timely reminder of the importance of using construction-specific indices… Read More
Could Trump’s tariffs compound the threat of recession or stagflation in the UK? Outlining the potential impacts of US tariffs on the economy and industry, and what the UK government could do to mitigate these… Read More
How BCIS construction data supports the training of quantity surveyors in academia We spoke to Nii A. Ankrah, senior lecturer in quantity surveying at Aston University, about how BCIS construction data supports student training… Read More
Funding construction projects – the role of cost data A case study interview with Aros Kapital Director, Léon Karens, covering the use of BCIS data for risk assessing residential projects… Read More
What role does cost data play throughout the project life cycle? We examine the role that independent, reliable cost data plays in helping teams to deploy resources efficiently and effectively… Read More
How to add the value in value engineering A look at how value engineering can drive greater efficiency across construction projects… Read More
Webinar on Demand
BCIS webinar – Construction outlook: what’s next for the industry? Our quarterly construction outlook webinar assesses the current state of the industry, examining the economic and political backdrop shaping the built environment. Watch Webinar
Have your say
Do you have a topic you’d like covered in one of our webinars? Or do you have a question you want answered? Let us know your thoughts here.
Last Updated: 26/03/2025
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 Insights
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
Do you have a topic you’d like covered in one of our webinars? Or do you have a question you want answered? Let us know your thoughts here.