Mace warns global uncertainty is putting future pipelines at risk

摘要

Mace Cost Consultancy has warned that global market risks are putting future work pipelines in doubt, in its first quarter tender cost update for 2016. The firm added that a weakening economic picture will affect investment in the longer term, but expects growth to continue for the next three years - albeit at a slower pace than last year. Mace has maintained its UK tender cost inflation forecast of 4% for 2016 and 2017, but expects inflation to drop to 3.5% in 2018. Mace Cost Consultancy managing director Chris Goldthorpe said the firm is "seeing some public sector projects starting to become more competitive, and there are early signs of the market softening with some contractors now more prepared to consider single-stage tendering".