Runaway energy costs see T&T double building tender price forecast in just three months

By Daniel Gayne2022-04-22T09:29:00

Source: Shutterstock

War in Ukraine forces dramatic revision of predicted costs

Rising energy prices has seen Turner & Townsend revise upwards building tender price inflation by nearly double its prediction from just three months ago.

Its spring forecasts for tender price rises in 2022 now sit at 8.5% for real estate and 6% for infrastructure – much higher than its winter 2021/22 predictions of 4.5% and 4%.

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