Jittery firms cut-throat bidding to win work, key survey says

By Dave Rogers2019-11-04T12:38:00

Latest IHS/Markit data warns of ‘widespread discounting’ to secure jobs

Panicked firms are stockpiling work with cut-throat bidding, the latest survey of construction buyers has revealed.

Data from the IHS Markit/CIPS index said “respondents [had] suggested that intense competition for new work had resulted in more widespread price discounting to secure contract awards”.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community