Read the latest surveying industry news and keep up with developments within RICS.
Showing 1 - 16 of 16 results
19 Feb 2018
BCIS is receiving an increasing number of projects let on target cost contracts. There are now over 200 health projects let through Procure 21+ on the BCIS database, most of which were let on NEC target cost contracts.
20 Feb 2018
Commercial construction output for 2017 as a whole shows quite strong growth of 5%. However, in the second half of 2017, output fell by 5% compared with the first half.
12 Feb 2018
The BCIS average prices section provides a statistical analysis of the costs of projects, which can be used to provide a budget for a project. The costs can be adjusted for location and date.
09 Feb 2018
The Tender Price Indices for 2017 have been revised. The latest recalculation shows that prices rose strongly throughout the year.
A recent court case highlights the importance of order of cost estimates to set reasonable budgets and elemental cost planning in ensuring that a design develops within budget.
20 Apr 2018
Of the most recent projects* analysed by BCIS and published on the BCIS online service, 42% were for private clients and 58% for the public sector.
16 Mar 2018
Tender prices rose sharply in the first half of 2017, but are expected to fall over the year to Q4 2018. This is against a background of new work output remaining static in 2018, and uncertainty about the effect of Brexit negotiations in the private commercial sector.
19 Mar 2018
The recently tendered contract for the £6.6m Feldon Valley Golf Club development in Banbury, Oxfordshire, consisted of a new hotel, clubhouse extension and refurbishment, and 4Nr 3-bedroom multi-occupancy lodges, together with external works. The project was submitted by Selway Joyce Partnership.
21 Jun 2018
In recent quarters, the BIS Tender Price Index of Public Sector Building Non-Housing (PUBSEC) has been producing erratic results.
30 Apr 2018
The BCIS assumptions for the future of construction labour cost inflation used in our current forecasts are set out below:
06 Apr 2018
BCIS research has highlighted the decline in directly employed maintenance staff in the public sector.
27 Jun 2018
RICS’ Data Services team has been appointed by Eurostat, the statistical office of the European Union, to produce construction price level indicators across Europe for 2019 and 2020. The project will be led by Aaron Wright, RICS Head of International Data.
05 Apr 2018
Housebuilders’ costs rose 4% in the year to 4Q2017 according to the BCIS Private Housing Construction Price Index (PHCPI).
25 Jun 2018
Housebuilders’ costs rose 3.4% in the year to Q1 2018, according to the BCIS Private Housing Construction Price Index (PHCPI).
15 May 2018
The BCIS All-in Tender Price Index (TPI) for 3rd quarter 2017 has been revised downwards to 313 based on an improved sample. The figure for the 4th quarter is 322. The annual change for 2017 (4Q16–4Q17) now stands at 13.4%.
The construction industry generates a wealth of valuable cost data on projects, but most of it is not systematically captured for re-use on future projects.
© RICS 2018
© RICS 2018