Tender Cost Update: UK

Thursday August 1st, 2013

Mace Cost Consultancy expects tender pricing to remain competitive over the medium term and maintains its April forecast. Nationally, tender prices are forecast to contract by 2% in 2013 and by a further 1% in 2014, before stabilising in 2015. London is set to lead the revival in industry activity and, after a further year of decline in 2013, by 1%, tender prices are anticipated to stabilise in 2014 before recording modest growth of 1% in 2015.

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