Meanwhile, the DTI has announced that orders in 2001 rose by 2% compared with 2000. While private housing orders fell by 2%, infrastructure orders by 1% and private industrial by 4%, these were more than offset by increases in the public housing, public non-housing and private commercial sectors which rose by 20%, 5% and 5% respectively.
Davis Langdon & Everest reports tender prices for the fourth quarter of 2001 rising by 0·5% on the previous quarter. This represents a significant slowdown in the rate of construction price inflation but still leaves prices 4% higher than the previous year.
Over the next 12 months, tender prices are expected to rise by 2·5-4·5%. Infrastructure work is expected to lead growth, and PFI work should offset a drop in office schemes.
Source
Electrical and Mechanical Contractor
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