{"id":111719,"date":"2022-06-10T14:17:12","date_gmt":"2022-06-10T13:17:12","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=111719"},"modified":"2022-06-10T14:17:12","modified_gmt":"2022-06-10T13:17:12","slug":"mace-market-view-report-tender-price-increase-2022","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mace-market-view-report-tender-price-increase-2022\/111719\/","title":{"rendered":"Mace market view report forecasts tender price increase in 2022"},"content":{"rendered":"

A recently published Mace market view report for Q2 2022<\/a>\u00a0has shown tender price increases from 5.5% to 8% in 2022<\/h2>\n

The Mace market view suggests that the conflict in Ukraine has resulted in price rises for construction products<\/a>, with rebar increasing by over 30% in March.<\/p>\n

It notes that rising inflation has impacted the costs for large, lengthy programmes such as Hinkley Point C, as well as putting sub-contractors at risk of losing money on fixed price projects.<\/p>\n

Planning permission for projects will be harder to obtain<\/h3>\n

Higher labour costs are also feeding into tender prices – whereas regular construction pay growth is 4.1%, total pay has risen 6.9% compared to the first quarter of last year. New developments will also find it harder to secure planning permission.<\/p>\n

Uncertainty for tender costs in UK construction will be accelerated in upcoming months<\/h3>\n

Further uncertainty for tender costs in the UK construction sector could be accelerated by price surges in oil, gas and key construction materials alongside a potential stall of China\u2019s economy due to its zero-covid policy.<\/p>\n

Matt Fitzgerald, commercial cirector, Cost Consultancy: “We are seeing unprecedented near-term inflation, underpinned by price surges in oil, gas and key construction materials, this situation may turn more volatile if China\u2019s zero Covid policy stalls their economy and if anti-inflationary measures are applied too hard by central banks, this potential is making predicting near to medium term economic metrics very uncertain.”<\/p>\n

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

A recently published Mace market view report for Q2 2022\u00a0has shown tender price increases from 5.5% to 8% in 2022.<\/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":[304],"tags":[676,908,276,952,701],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-111719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-economy","9":"tag-government","10":"tag-planning","11":"tag-supply-chain"},"acf":[],"yoast_head":"\nMace market view report forecasts tender price increase in 2022<\/title>\n<meta name=\"description\" content=\"A recently published Mace market view 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