According to a newly established panel by the Building Cost Information Service (BCIS) civil engineering tender prices rose by an average of one per cent in the final quarter of 2024. The BCIS Civil Engineering TPI panel has been formed ...
Read More »BCIS reveals five-year maintenance, cleaning and energy costs forecast
Maintenance costs, as measured by the BCIS All-in Maintenance Cost Indices, are set to rise 15 per cent by 3Q2029, according to the latest forecast data from the Building Cost Information Service (BCIS). Cleaning costs, mainly driven by labour costs, ...
Read More »Tender prices rise by 0.8%, reports BCIS
Latest data from the Building Cost Information Service (BCIS) shows tender prices increased by an estimated average of 0.8 per cent between 3Q2024 and 4Q2024. The increase resulted in 2.3 per cent annual growth in the BCIS All-in Tender Price ...
Read More »Building costs forecast to rise 15% in next five years
The latest construction forecast data from the Building Cost Information Service (BCIS) shows building costs are set to increase by 15 per cent over the next five years, while tender prices will rise by 20 per cent over the same ...
Read More »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, so risk management firm Intelligent AI has partnered with the Building Cost Information Service (BCIS) to provide a service that produces reinstatement cost assessments at the touch ...
Read More »BCIS data shows tender price index up 0.5%
Latest data from the Building Cost Information Service (BCIS) shows tender prices increased by an estimated average of 0.5 per cent between 1Q 2024 and 2Q 2024, which resulted in 2.3 per cent annual growth in the BCIS All-in Tender ...
Read More »BCIS launches ‘first-of-its-kind’ Cost and Carbon Materials Database
The Building Cost Information Service (BCIS) has launched a Cost and Carbon Materials Database to help the built environment sector make better informed decisions for their budgets and the environment. Said to be the “first-of-its-kind”, the new database is fully ...
Read More »Government urged to prioritise repair and maintenance despite economic challenges
The Building Cost Information Service (BCIS) is calling on the government to address the many urgent issues in the repairs and maintenance sector (R&M). BCIS is forecasting R&M output will fall seven per cent in 2024 before recovering in 2025 ...
Read More »BCIS predicts construction slowdown as UK economy stagnates
The most recent data from the Building Cost Information Service (BCIS) indicates a fall in total output across the UK construction industry in 2024 as recessionary pressures hit the industry. While the cost-of-living crisis continues to impact the repair and ...
Read More »BCIS calls for more support for construction industry in Autumn Statement
The Building Cost Information Service is calling for the Government to do more to support the construction industry ahead of next week’s Autumn Statement. BCIS data forecasts that new work output will not return to growth until the end of ...
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