New infrastructure output set to rise along with costs and tender prices

摘要

However, looking forward, BCIS' data shows that civil engineering costs - along with tender prices and new infrastructure output as a whole - will rise over the coming five-year period. Costs will rise by between 3.0% and 4.5% per annum, with both the price of materials and nationally agreed wage awards increasing. Tender prices are expected to rise by 4.3% between the first quarter of 2015 and the first quarter of 2016. The following year, another rise of 4.8% is predicted.