News
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BCIS appoints new CEO
The Building Cost Information Service (BCIS) has appointed Richard Linstead as CEO, with James Fiske appointed to the new role of executive director. Richard, who has been with the business for two years in his role as chief product and technology officer, brings more than 25 years of experience in…
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BCIS reports tender prices up for civil engineering
Civil engineering tender prices increased by an average of 1% in the final quarter of 2024, according to a panel newly established by the Building Cost Information Service (BCIS). The BCIS Civil Engineering TPI panel has been formed to advise on the latest movement in tender prices, i.e. prices…
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BCIS reveals five-year infrastructure forecast
Civil engineering costs are forecast to rise by 16% over the next five years to 3Q2029, while civil engineering tender prices are predicted to increase by 23% over the same period, according to the latest forecast from the Building Cost Information Service (BCIS). Dr David Crosthwaite, chief…
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BCIS reveals five-year maintenance, cleaning and energy forecast
Maintenance costs, as measured by the BCIS All-in Maintenance Cost Indices, are set to rise 15% by 3Q2029, according to the latest forecast data from the Building Cost Information Service (BCIS). Cleaning costs, mainly driven by labour costs, are expected to rise by 25% over the forecast period…
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BCIS reveals five-year construction industry forecast
Building costs will increase by 17% over the next five years, while tender prices will rise by 19% over the same period, according to the latest construction forecast data from the Building Cost Information Service (BCIS). New work output, which has been contracting since mid-2023, is expected to…
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Tender prices up by 0.8%, reports BCIS
Tender prices increased by an estimated average of 0.8% between 3Q2024 and 4Q2024, according to the latest data from the Building Cost Information Service (BCIS). The increase resulted in 2.3% annual growth in the BCIS All-in Tender Price Index, down from a peak of 10.3% observed in 2Q2022. BCIS…
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BCIS industry panel reports tender prices up in Scotland
Building tender prices in Scotland rose by 0.6% in 4Q2024 compared with 3Q 2024, according to a panel of cost consultants involved in multiple construction tenders. The Scottish Tender Price Assessment Panel, which was established by the Building Cost Information Service (BCIS) to help measure the…
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BCIS reports rise in construction input costs in Scotland
Construction input costs in Scotland increased by an average of 4% in the year to 4Q 2024, according to a contractors’ panel established by the Building Cost Information Service (BCIS). The BCIS Scottish Contractors Panel was formed to help monitor quarterly movement in costs, i.e. the prices…
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BCIS publishes Community Infrastructure Levy Index update for 2025
The Building Cost Information Service (BCIS) has published the updated RICS Community Infrastructure Levy (CIL) Index for 2025, showing a 2.6% rise compared with the previous year. The index, which is used for updating rates in CIL schedules, will apply to charges calculated from 1 January 2025.
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BCIS reveals five year maintenance, cleaning and energy forecast
Maintenance costs are set to rise 16% by 2Q 2029, according to the latest forecast data from the Building Cost Information Service (BCIS) All-in Maintenance Cost Indices. Cleaning costs, mainly driven by labour costs, are expected to rise by 23% over the forecast period, while BCIS expects energy…
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BCIS reports continued growth in housebuilding cost inflation
Annual housebuilding cost inflation, as measured by the BCIS Private Housing Construction Price Index (PHCPI), stood at 0.7% in 2Q 2024, down from a peak of 15.3% in 2Q 2022. On a quarterly basis, this also represented a 0.7% increase compared with 1Q2024. Chief data officer at the Building Cost…
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Civil engineering costs up by 15% over next five years, forecasts BCIS
Civil engineering costs are forecast to rise by 15% over the next five years to 2Q 2029, while civil engineering tender prices are predicted to increase by 23% over the same period, according to the latest forecast from the Building Cost Information Service (BCIS). New work infrastructure output is…
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BCIS forecasts 15% rise in building costs in next five years
Building costs will increase by 15% over the next five years, while tender prices will rise by 20% over the same period, according to the latest construction forecast data from the Building Cost Information Service (BCIS). As cost inflation moderates and market activity is expected to increase…
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Construction input costs and building tender prices up in Scotland finds BCIS
Construction input costs and building tender prices in Scotland rose in 3Q 2024, according to the latest findings of two panels formed by the Building Cost Information Service (BCIS). Members of the BCIS Scottish Tender Price Assessment Panel, which helps measure the trend of contractors’ pricing…
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Tender price index up by 0.5%, according to BCIS
Tender prices increased by an estimated average of 0.5% between 2Q 2024 and 3Q 2024, according to the latest data from the Building Cost Information Service (BCIS). The increase resulted in 2.1% annual growth in the BCIS All-in Tender Price Index, down from a peak of 10.3% observed in 2Q 2022.…
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BCIS and Intelligent AI launch new platform to tackle growing issue of underinsurance
Underinsurance is a persistent problem that leaves property owners vulnerable to significant losses, often caused by something as simple as an outdated reinstatement value. To address the growing issue of underinsurance head-on, the Building Cost Information Service (BCIS), which has more than 6…
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BCIS and Intelligent AI launch new platform to tackle growing issue of underinsurance
Underinsurance is a persistent problem that leaves property owners vulnerable to significant losses, but harnessing data to automate reinstatement cost assessments could minimise the risk. To address the growing issue of underinsurance head-on, risk management firm Intelligent AI has partnered with…
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BCIS and Intelligent AI launch new platform to tackle growing issue of underinsurance
Underinsurance is a persistent problem that leaves property owners vulnerable to significant losses, while insurers and brokers risk legal disputes and miss out on potentially hundreds of millions in premiums. Ensuring that policyholders have adequate coverage is not just a regulatory requirement…
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BCIS issues forecast for maintenance, cleaning and energy sector
Repair and maintenance output is expected to fall by 5.2% overall in 2024 compared with 2023, according to the latest quarterly forecast for the facilities management sector from the Building Cost Information Service (BCIS). Output is forecast to increase by 1.8% in 2025, and to be 10% higher in…
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BCIS forecast: civil engineering costs set to climb by 14% over next five years
Civil engineering costs are forecast to rise by 14% over the next five years to 1Q2029, while civil engineering tender prices are predicted to increase by 22% over the same period, according to the latest forecast data from the Building Cost Information Service (BCIS). New work infrastructure…
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Growth in housebuilding cost inflation slows further reports BCIS
Annual housebuilding cost inflation, as measured by the BCIS Private Housing Construction Price Index (PHCPI), continued to cool in 1Q 2024, standing at 0.7%, down from a peak of 15.3% in 2Q 2022. On a quarterly basis, this represented a 0.3% increase compared with 4Q 2023, according to the latest…
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BCIS issues five-year construction industry forecast
Building costs will increase by 15% over the next five years, while tender prices will rise by 19% over the same period, according to the latest construction forecast data from the Building Cost Information Service (BCIS). With demand in the sector continuing to contract, overall output is expected…
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Tender price index up 0.5% according to BCIS
Tender prices increased by an estimated average of 0.5% between 1Q 2024 and 2Q 2024, according to the latest data from the Building Cost Information Service (BCIS). The increase resulted in 2.3% annual growth in the BCIS All-in Tender Price Index, down from a peak of 10.3% observed in 2Q2022. The…
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BCIS reveals movement in contractors’ construction costs in Scotland
Construction input costs in Scotland increased by an average of 4.5% in the year to 2Q 2024, according to a contractors' panel newly established by the Building Cost Information Service (BCIS). The BCIS Scottish Contractors Panel was formed to help monitor quarterly movement in costs, including the…
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BCIS launches revolutionary tool measuring whole life costs and carbon
A groundbreaking tool which measures and reports on whole life costs and whole life carbon emissions at the same time has been launched by the Building Cost Information Service (BCIS). Life Cycle Evaluator brings together BCIS’s extensive cost data, building on more than 60 years’ experience and…
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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…
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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…
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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…
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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…
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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…
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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…
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BCIS launches pioneering Cost and Carbon Materials Database
The Building Cost Information Service (BCIS) has launched a first-of-its-kind Cost and Carbon Materials Database, which will help the built environment sector make better informed decisions for their budgets and the environment. The new database is fully compliant with the RICS whole life carbon…
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Construction slowdown predicted as UK economy stagnates
Total output across the UK construction industry is set to fall this year, according to the latest forecast from the Building Cost Information Service (BCIS). The most recent data from BCIS indicates a fall in construction output as recessionary pressures hit the industry. While the cost-of-living…
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Free online construction carbon database rolled out to industry by BCIS
A free-to-access embodied carbon database has been launched by the Building Cost Information Service (BCIS) with a rallying cry for the industry to unite behind it. The first data repository of its kind, the Built Environment Carbon Database (BECD) is designed to help drive down carbon emissions…
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Construction leaders advise data our strongest ally in decarbonising built environment
The government may be watering down its efforts to reach net zero, but the construction industry must not let up on its commitment to reduce its impact on climate change. That’s the call to action from a consortium of leading organisations and professional bodies as it launches the…
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Surge in labour costs expected to hit construction industry
Labour costs are set to overtake the cost of materials as the biggest challenge facing the construction industry during the year ahead, according to new analysis from the Building Cost Information Service (BCIS). As part of its quarterly data briefing on construction inflation, BCIS is forecasting a…
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BCIS appoints chairman in support of mission to manage construction costs and carbon
The Building Cost Information Service (BCIS) has officially appointed new chairman Colin Smith, who will support the business’s expansion as it helps the construction industry to manage costs, reduce carbon and mitigate risk. Smith joins BCIS with 40 years of experience working in companies which…
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BCIS reveals bleak picture for construction as stagflation reigns
The outlook for construction investment remains challenging, with little or no growth coupled with persistently high inflation creating stagflation, the Building Cost Information Service (BCIS) cautioned in its latest industry report. It found that the dramatic increases in costs of materials…