Suppliers holding material quotes for just 24 hours over inflation concerns, says CLC

By Daniel Gayne2022-03-30T12:48:00

Source: Shutterstock

Uncertainty over price rises is leading contractors to think twice before entering contracts

Some construction material suppliers will only hold tender price quotes for 24 hours due to spiralling price inflation, according to the Construction Leadership Council (CLC).

The group said inflation remained “the major concern”, with uncertainty around prices leading contractors to think twice before entering fixed-price or long-term contracts.

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