09 Feb 2018
The Tender Price Indices for 2017 have been revised. The latest recalculation shows that prices rose strongly throughout the year.
The sample sizes are still small but it appears that prices started to rise significantly in the second quarter, slightly earlier than the previously published index showed. This is now reflected in the latest Tender Price Index.
Both the second quarter and the third quarter have been revised upwards to show an overall increase for the year (4Q16-4Q17) of 14.6%.
Two projects already indexed for 1Q2018 tend to confirm the rise.
BCIS All-in Tender Price Index (year-on-year percentage)
You can contribute to the Tender Price Index by submitting contract documents to BCIS.
Please contact the Data Delivery Team on 020 7695 1700 or by email.
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