Brexit woes likely to dampen tender prices rises, says Mace

By Hamish Champ2019-01-07T13:30:00

Consultant sticks with original forecasts as EU departure looms

Uncertainty around the outcome of Brexit and the health of the UK economy is likely to put a dampener on tender prices in 2019, according to Mace’s latest tender cost update.

The consultancy firm reported what it called a “marginal” uplift in tender prices across the construction sector during 2018, with contractors and subbies able to absorb most of the hikes in labour and material costs.

But Mace said the forecast for 2019 and beyond was uncertain, thanks to the political to-ing and fro-ing around negotiations to leave the EU, and significant prices increases were unlikely.

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