{"id":107786,"date":"2022-03-17T13:24:41","date_gmt":"2022-03-17T13:24:41","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=107786"},"modified":"2022-03-17T13:24:41","modified_gmt":"2022-03-17T13:24:41","slug":"mace-report-ukraine-russia-war-tender-price-inflation-2022","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/mace-report-ukraine-russia-war-tender-price-inflation-2022\/107786\/","title":{"rendered":"Ukraine-Russia war will cause tender price inflation in 2022"},"content":{"rendered":"

Mace’s<\/a> Market View report has forecast tender price inflation of 5.5% in 2022, due to Russia\u2019s ongoing invasion of Ukraine<\/h2>\n
\"tender
The table gives our current tender price inflation forecast. The figures should be treated as averages and there will always be variations due to procurement methods, project type and local factors.<\/figcaption><\/figure>\n

Mace’s Market View report for Q1 2022 forecasts that Russia\u2019s invasion of Ukraine will contribute to tender price inflation<\/a> of 5.5% in 2022.<\/p>\n

The analysis shows that gas prices<\/a> increased substantially in the second half of last year, with Brent Crude oil prices rising above US$120 per barrel, due to Russia\u2019s invasion of Ukraine.<\/p>\n

Higher prices for construction materials<\/a><\/h3>\n

The Market View warns that higher energy costs could impose higher prices on products such as bricks, plasterboard and glass, putting supply chains under pressure.<\/p>\n

\"tender<\/p>\n

While construction output in 2021 finished with robust growth in November and December, the report states that higher energy and material costs, coupled with rising interest rates, could adversely impact output in 2022.<\/p>\n

\"tender\"tenderMatt Fitzgerald, commercial director at Mace Cost Consultancy, said: “Construction orders look strong as we go through the first quarter of 2022 however this growth is likely to be tempered by geopolitical factors driving rising oil and gas prices.<\/p>\n

“This, combined with inflation, interest rate and taxation rises will put pressure on the cost of living, the cost of borrowing and construction costs which in turn may translate into a slowing of growth in the economy over the medium term.”<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Mace’s Market View report has forecast tender price inflation by 5.5% in 2022 due to Russia\u2019s ongoing invasion of Ukraine.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[308],"tags":[673,276,21873,701],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-107786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-plant-equipment-supplies-news","7":"tag-energy","8":"tag-government","9":"tag-mace","10":"tag-supply-chain"},"acf":[],"yoast_head":"\nUkraine-Russia war will cause tender price inflation in 2022<\/title>\n<meta name=\"description\" content=\"Mace's Market View report has forecast tender price inflation by 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