T&T the latest to warn on rising materials costs and shortages

By Tom Lowe2021-04-09T05:00:00

Source: Shutterstock

Consultant says demand for products such as timber and structural steel will send tender prices heading north

Rising material costs because of increasing global demand and raw material shortages threaten to ramp up tender prices later this year, Turner & Townsend has warned.

Stockpiling, post-Brexit customs checks and a reduced availability of freight containers are all contributing to rising costs, the consultant said in its spring market intelligence report.

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