Latest Business News

Most expensive cities for construction revealed

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London has been pushed out of the top 10 most expensive cities for construction, according to Turner & Townsend's International Construction Market Survey for 2023.

London does remain the most expensive UK city in which to build with an average cost of £3,136/m2, however, the capital has fallen to 14 in the…

Mace warns of continued tender price inflation

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Contractor Mace has warned that tender prices in the UK are set to continue to rise due to stubbornly high inflation.

The contractor’s market view report for the three months between March and June found that the rate of price rises in raw materials continued to slow, however wider inflation turbulence…

Civils starts ‘to drop by a tenth this year’

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The value of new civils projects will fall by almost a tenth this year, economists have predicted. The latest industry forecasts from construction analysts Glenigan say civil engineering starts will drop by 9% in 2023. However, this short-lived dip will be followed by growth of 11% next year, according to…