Core 5 says ‘unrealistic’ for contractors to get rid of all risk as tenders head for double figure rises

By Dave Rogers2022-05-23T06:00:00

Source: Shutterstock

Inflation could hit double figures by end of year, London QS admits

London QS Core 5 expects tender price inflation to be 9% this year – but admitted it could be well into double figures by the time 2022 is finished.

In its update for the second quarter, the first to take into account the full impact of the ongoing war in Ukraine and the growing cost of living crisis, Core 5 said it is expecting a 4% hike for the remaining months of the year bringing overall inflation to 9%.

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