Read the latest surveying industry news and keep up with developments within RICS.
Showing 1 - 25 of 25 results
17 Jan 2018
The BCIS five-year forecast for the facilities management sector sees maintenance cost inflation rising by 2.3% to Q3 2018 and by a further 2.6% to Q1 2019. It is then forecast to rise by between 2.9% and 3.8% over the next three years.
Private housebuilders' costs increased by 4.6% in the year to Q3 2017 in response to demand pressures on resources. They have been rising steadily since the beginning of 2014.
23 Nov 2017
The Department of Health (DoH) has submitted its final tranche of 72 projects procured using ProCure21+ to BCIS for analysis and publication as elemental cost analyses via BCIS Online. The contract value of the projects total over £700 million. This will further increase the sample sizes of health-related projects available to BCIS subscribers.
14 Nov 2017
Tender prices for civil engineering work are expected to rise by an annual 4% over the next three years*, by 5% in 2021 and then by 7% in 2022 as site rates rise sharply to reflect the difficulty in obtaining labour. This is against a background of historically high new infrastructure output. (*five-year forecast from 2nd quarter 2017 to 2nd quarter 2021).
09 Jan 2018
The BCIS Location Indices have become increasingly volatile and BCIS regularly receives queries about the change in location indices for one region or another.
11 Jan 2018
Tender prices have risen significantly in 2017 so far, but with output remaining unchanged in 2018, and with uncertainty about the effect of Brexit negotiations in the private commercial sector, tender prices are expected to fall in the year to 3rd quarter 2018, according to the latest BCIS five-year forecast.
23 Oct 2017
Combining police stations and fire stations on one site is an innovative trend in the asset management of publicly funded local resources.
12 Nov 2017
UK construction costs are among the most expensive in Europe when calculated in Euros according to a recent study. The post referendum weakening of Sterling against the Euro will have increased the UK costs in this study compared with previous years.
10 Jan 2018
The £60.9 billion annual spend on building maintenance (current prices) makes a significant contribution to the economy, accounting for over 3% of GDP.
16 Oct 2017
Cleaning costs continue to rise, reflecting wage fluctuations fuelled by the introduction of the National Living Wage (NLW).
21 Nov 2017
The way that designers select different components for their buildings has been transformed by the new Life Cycle Evaluator tool launched by the Building Cost Information Service (BCIS).
A new series of Output Price Indices (OPI) has been issued by the Office for National Statistics (ONS).
The proportion of projects submitted to BCIS that were let on design and build contracts rose from 28% to 58% over the past 10 years, reflecting the changes in procurement in the industry.
Tender prices for social housing in Scotland have started to rise since the beginning of 2017 following a year of little change.
06 Oct 2017
Prices for maintenance will be suppressed as demand from the repair and maintenance (R+M) sector is expected to grow very slowly over the next three years.
09 Oct 2017
Tender prices are expected to fall slightly over the next year to 2nd quarter 2018, then recover to rise 20% above current levels by 2nd quarter 2022, according to the latest BCIS five-year forecast.
18 Oct 2017
The status of BCIS indices is shown against the figure for each period. For some indices, this status is shown as ‘Forecast’.
08 Sep 2017
Civil engineering costs rose 4% in the year to 1st quarter 2017 and are forecast to rise by around 3% in the year to 1st quarter 2018 and 1st quarter 2019; by 4% in the year to 1st quarter 2020, and by 5% per annum over the last two years of the forecast.
22 Aug 2017
The updated 2018 resource datasets are now available, including all recent changes to wage rates, plant and materials prices, the revision of adjustment factors and a range of new items. Pricing information is based on second quarter 2017.
07 Sep 2017
Crossrail, Battersea Power Station and Hinkley point have all been in the news because of reports of increased costs. It is important to understand the causes of increased costs, many of which may be part of the planned delivery and contracting process for the project.
While it is not yet known what the impact of leaving the European Union will be, because it is still not clear what form the Brexit agreement will take, it is becoming clearer what will be affected.
The BCIS Online featured project for September 2017, submitted by Selway Joyce Construction Cost Consultants, is the recently tendered £4.8 million conference and community centre in Chichester, West Sussex.
06 Sep 2017
Private housebuilders' costs rose at almost 5% in the year to 2nd quarter 2017 in response to demand pressures from resource costs.
© RICS 2018
© RICS 2018