Materials costs to drive tender price inflation for next five years, Mace forecasts

By Jordan Marshall2021-06-24T05:02:00

Expected rise in labour also set to send prices north

Soaring materials prices and an uptick in the cost of labour are set to see tender prices grow until 2025, Mace has said.

Mace’s quarter two 2021 UK Market View has predicted that tender prices will grow nationally and in London by 1.5% this year, before peaking at 3.5% in 2023.

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