response to industry output changes, lingering uncertainty for the medium-term and the need to retain a competitive edge. We It includes 20,000 prices for the most frequently specified construction items, the majority with labour constants and detailed build-ups. All prices have been updated via comprehensive supplier engagement combined with AECOM's market intelligence and a short-term inflationary forecast to ensure you have the most accurate cost data available. Activity descriptions and build ups have been updated to reflect changes to standard specifications, Building Regulation changes, emerging practices, and changing outputs. Although it suits a wide range of project sizes, this is the only price book which sets out a detailed cost base for contracts exceeding GBP4,000,000 in value. This section contains Daywork and Prime Cost allowances issued by the Royal Institute of Chartered Surveyors. The right of AECOM Ltd to be identified as the Author of this Work has been asserted by them in accordance

Compiled by AECOMthese booksprovidethe most accurate, detailed and professionally relevantprice information for the UK. Is SPON's available online? a challenging period over the medium-term. Future risks to monitor for UK construction delivery will relate to EU labour market From February 2016 and February 2017 the average rise for the BIS recorded materials show an increase of 3%. Compiled by AECOM, the 2024 edition has been updated with the latest pricing information to help you manage your projects over the next 12 months through this challenging period of high inflation and financial uncertainty.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 general formulae, weights and quantities of materials, other design criteria and useful memoranda asso-

Early 2017 is expected to see more of the same for the construction sector: capacity constraints, good workload, increasing this is in line with the estimate for construction output included in the preliminary estimate of gross domestic product forThe 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 Building Prices per Functional Unit; Building Prices per Square Metre and Building Cost Models. It should be noted that Following negotiations between the parties to CIJC, the council agreed a two-year agreement on pay and other conditions in This yearly rate of change keeps the run rate of construction price inflation above the long-run average. Recent price increases