Peter Fordham of Davis Langdon makes his quarterly analysis of changes to costs and prices. And, to cut a long story very short, tender prices are heading south in a hurry …
Guide to data
Davis Langdon’s cost indices track movements in the input costs of construction work in various sectors, incorporating national wage agreements and changes in materials prices as measured by government index series.
They provide an underlying indication of price changes and differential movements in the various work sectors but do not reflect changes in market conditions affecting profit and overheads provisions, site wage rates, bonuses or materials’ price discounts or premiums. In the current market, many costs recorded here are still rising but prices charged to clients have been falling sharply. Market conditions are recorded in
Davis Langdon’s quarterly Market Forecast (last published 24 July).
See pdf attached below.