Output boost hit by growing labour and materials costs, says Mace

By Jordan Marshall2018-09-19T06:00:00

Mace’s consultancy arm says Brexit is dampening tender price growth

Despite an uptick in output in the second quarter of 2018 the construction industry was hit by surging labour and material costs, according to Mace.

In its latest UK tender cost update, Mace revealed tender prices were not rising in line with costs as clients push back on contractors who appear to be willing to accept less favourable terms.

The figures showed output rose by 0.9% in quarter two but that material price inflation had risen to 6%, higher than at any time last year.

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