Civil Engineering Market Report and Forecast

The RICS Infrastructure Information Service (IIS) includes the BCIS forecasts for the Infrastructure sector.

The forecast is for five years and covers:

• Construction demand – Output from the construction industry on infrastructure projects
• Input costs represented by factory gate prices and nationally agreed wage awards and labour on-costs
• Tender prices representing the movement in prices in tenders for the construction work in the infrastructure sector.

The Civil Engineering market report reviews current trends and future projections in:

The macro-economic outlook including

• Inflation
• Growth
• Interest rates

Civil engineering costs

• Labour
• Materials
• Plant

Market conditions

• Output and new orders
• Activity surveys
• Demand by subsector: roads; electricity; water and sewerage; etc

Civil engineering tender prices.

In addition to the market report IIS includes forecasts of the following individual index series:

• Retail Prices
• General Civil Engineering Cost Index
• Roads sector cost index
• Water and sewerage sector cost index
• Rail sector cost index
• Infrastructure Tender Price Index.

In addition to the forecast the Infrastructure Information Service includes:

• Price and cost index series for the Infrastructure sector and sub-sectors
• Analysis of benchmarking studies by sector
• Cost analyses for infrastructure related buildings
• Average prices for infrastructure related buildings.

Initially much of the data will have a UK focus but the benchmark studies include international studies and national studies from around the world.