This yearly rate of change keeps the run rate of construction price inflation above the long-run average. Recent price increases

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contained in this book and cannot accept legal responsibility or liability for any errors or omissions that may be book prices arrived at by pricing our usual tender price models with prices taken from the book. It does not reflect a particular prices for the most frequently specified items, the majority with labour constants and detailed build-ups These sections contain Prices for Measured Works organized using the NRM2 Work Sections for building works.

Compiled by AECOMthese booksprovidethe most accurate, detailed and professionally relevantprice information for the UK. Is SPON's available online? neers. Readers should always obtain fee proposals for their project prior to commencement as there are many factors that As well as the most wide-ranging market testing exercise since the war elevated inflationary pressure, the following new items have been added: Prices included within this edition do not include for VAT, professional fees etc. which must be added if appropriate.preliminaries. Whilst this is not across the board, and depends to a large degree on the project parameters, this is a likely There are the first signs that main contractor preliminaries costs are being adjusted from the one-way traffic of recent years. Construction materials experiencing the largest price increases in the 12 months to March 2016 in the UK are shown in the

This section contains guidance on fee levels for professional services; Quantity Surveyors; Architects’ and Consulting Engi- business planning, seeking work from repeat customers and being a contractor of choice for clients where negotiated pro- Balancing risk and reward remains a central goal of main contractors and supply chain firms. The intention is that it leads to Some starting positions are emerging. However, it is still unclear whether Brexit is a tipping point that presages larger change ora challenging period over the medium-term. Future risks to monitor for UK construction delivery will relate to EU labour market Early 2017 is expected to see more of the same for the construction sector: capacity constraints, good workload, increasing While every effort is made to ensure the accuracy of the information given in this publication, neither the Editors nor Publishers

The right of AECOM Ltd to be identified as the Author of this Work has been asserted by them in accordance Construction cost inflation is at its highest level for decades. Global supply chains have been tested to the max as coronavirus and the war in Ukraine disrupted materials supply and raised energy costs, at a time when UK trade policy was in the midst of significant change. It’s been a perfect inflationary storm and prices of some materials have soared. AECOM’s overall building cost index has reached record highs. Demand is currently holding up but project viability is coming under increasing pressure and headwinds are strengthening. This section contains Daywork and Prime Cost allowances issued by the Royal Institute of Chartered Surveyors.New year, old trends. Not the notion of them being out-of-date, but old in that they are well established over the last few years. The price level of Spon’s A&B 2018 has been indexed at 595. Readers of Spon’s A&B are reminded that Spon’s is the only recorded at Q4 2016 is also revised upwards to 5.8% from the provisional figure of 5.5% reported towards the end of 2016. All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any Output in the construction industry grew 3 month on 3 month for the fifth consecutive period, rising by 0.2% in the first quarter of