Tender price rises and capacity shortages hit London market

摘要

The surge of demand for construction services in London has led to capacity shortages and tender price rises, according to the latest tender cost update from Mace for the third quarter. Mace has revised up its forecast for tender cost inflation from 3.5% to 4.5% for both 2014 and 2015, which it attributed to capacity shortage among contractors leading to a "significant reduction in competition and rising margins".