Building costs will increase by a predicted 15% over the next five years to 3Q2030, while tender prices will rise by 16% over the same period, according to the latest construction forecast data from the Building Cost Information Service (BCIS). New work output is expected to grow by 18% between 2025 and 2030. Dr David Crosthwaite, chief [...]
Maintenance costs, as measured by the BCIS All-in Maintenance Cost Indices, are set to rise 19% by 1Q2030, according to the latest forecast data from the Building Cost Information Service (BCIS). Cleaning costs, mainly driven by labour costs, are expected to rise by 31% over the same period. Dr David Crosthwaite, chief economist at BCIS, said: “Against [...]
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