Latest news
Published: 2nd April 2024
BCIS issues forecast for maintenance, cleaning and energy sector
Repair and maintenance output is expected to fall substantially in 2024, by 5.6% compared with 2023, according to the latest quarterly forecast for the facilities management sector from the Building Cost Information Service (BCIS). With output forecast to remain static in 2025, and then to slowly…
Published: 28th March 2024
BCIS issues five-year infrastructure forecast - costs set to climb 16% for civil engineering
Civil engineering costs will rise by 16% by the end of 2028, while civil engineering tender prices are expected to increase by 18% over the same period, according to the latest data from the Building Cost Information Service (BCIS). The five year infrastructure forecast from BCIS also revealed new…
Published: 25th March 2024
BCIS forecasts building costs to rise 15% in five years
Building costs will increase by 15% over the next five years, while tender prices will rise by 17% over the same period, according to the latest five year building forecast from the Building Cost Information Service (BCIS). Although the industry has emerged from a period of rampant inflation…
Published: 21st March 2024
Annual growth in construction tender prices continues to ease
Tender prices increased by an estimated average of 0.5% between 4Q 2023 and 1Q 2024, resulting in annual growth of 2.9% in the BCIS All-in Tender Price Index (TPI). This is down from a peak of 10.3% observed in 2Q 2022, according to the latest report from the Building Cost Information Service…
Published: 18th March 2024
Growth in housebuilding cost inflation unchanged from last quarter finds BCIS
Annual housebuilding cost inflation, as measured by the BCIS Private Housing Construction Price Index (PHCPI), continued to cool in 4Q 2023, standing at 1.7%, down from a peak of 15.3% in 2Q 2022. On a quarterly basis, this represented no change compared with 3Q 2023, the Building Cost Information…
Published: 15th February 2024
BCIS reports house rebuilding cost inflation cooling
House rebuilding cost inflation calmed considerably in 2023, following a period of soaring price increases. Annual growth in the BCIS/ABI House Rebuilding Cost Index was 2.7% at the end of 2023, compared to 19.4% at the end of 2022. The latest data for January 2024 shows it was up 2.1% on the…
