Mace expecting 'modest' tender prices increases in 2019

By Hamish Champ2019-03-15T06:00:00

Source: Shutterstock

Consultant says uncertainty about Brexit continues to hit firms’ confidence

Mace is expecting a “modest” increase in tender prices in 2019, as fluctuating levels of growth in recent months have failed to hold back overall input cost rises.

The consultant’s latest UK Tender Cost Update said prices would increase nationally by 1.5% this year after a 1.5% rise in 2018, and then grow in 0.5% increments for the following three years.

After 2018’s 1% growth figure the forecast picture was the same in London, Mace said.

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