Rising materials and labour costs see contractors fearing downturn, says Gleeds report

2022-08-01T08:51:00

Some hopes that market may be stabilising in longer term as commodity prices drop

Contractors are collaborating increasingly in a bid to cope with materials and cost inflation, with many fearing an imminent economic downturn, according to a report by Gleeds.

The cost consultant’s summer market report, due to be published this week, reveals that 88% of firms were struggling with labour supply in the second quarter, with 96% reporting an increase in rates over the same period.

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