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Tender price rises will take time to reach pre-crash levels

Aecom’s analysis:

  • Forecasts a 3.9% rise in UK tender prices for 2014
  • Shows that the high demand for skilled labour remains apparent affecting labour rates which typically range between £140 to £170/day for bricklayers for example. Bonus incentives can improve these figures.
  • Predicts that, should construction workload expand to levels forecast over the next few years, the skills crunch will become more evident. In response to this higher demand, construction organisations are increasingly considering the use of imported labour, mostly from the EU.

“It’s a positive sign that Aecom’s research reflects a growing confidence in the industry as tender prices continue to rise. However, the rate of increase shows that the UK will have endured a 10-year wait until market pricing returns to pre-crisis levels,” commented Aecom’s strategic projects director Simon Johnson.

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