Aecom says worries about spiralling costs mean London’s builders turning down jobs in droves

By Dave Rogers2022-02-02T07:00:00

Report finds as inflation climbs, main contractors don’t want to be saddled with fixed price work

London’s biggest contractors are turning down the chance to bid half the schemes they come across because of worries they will be lumbered with loss-making jobs.

A survey of Tier 1 and Tier 2 firms by Aecom found that the rate at which contractors turned down jobs versus the number of schemes they were asked to bid sat at 49% – meaning just over half of those asked decided not to bother pricing up a job.

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