This section features the latest news, comments and press releases from our offices around the world, covering all aspects of surveying practice and also current developments within RICS.
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Showing 1 - 25 of 42 results
23 Feb 2018
A 62-storey residential tower, Empire Melbourne, has been delivered two months ahead of its completion date. In response to a recent article about this in the Australian Financial Review, Probuild's Estimator and Cost Planner Shannon McKenzie MRICS explains how applying production methods used in the automotive industry helped achieve this.
16 May 2018
The BCIS Online featured project for May 2018, submitted by Potter Raper Partnership, is the recently tendered £19.4m Mountview Academy of Theatre Arts in Peckham, South London.
14 May 2018
BCIS provides a ready source of data when establishing the replacement cost of a building for calculating a contractor's basis of valuation for rating purposes.
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.
18 Apr 2018
The BCIS five-year forecast for the facilities management sector shows maintenance costs rising 16.5% over the next five years, while cleaning costs rise 28%.
Oil prices are an upside risk to civil engineering costs in the remainder of 2018. With President Trump's decision to pull out of the Iran nuclear deal, Brent crude oil prices have risen to US$77 per barrel from US$67 at the beginning of April 2018.
30 Apr 2018
Collecting, analysing, modelling and interpreting cost data allows industry to make better informed decisions regarding projects and assets, and identify areas for improvement.
14 Mar 2018
Concerns about the availability of bricks and roof tiles are being reported by housebuilders.
22 Mar 2018
From April 2018 the publication dates for the Price Adjustment Formulae Indices (PAFI), the General Building Cost Index (GBCI), and related series have been revised following a change to the release timetable for data from the Office for National Statistics (ONS).
22 Feb 2018
Tender prices for civil engineering work are expected to grow 29% over the next five years, rising faster than costs throughout the period as infrastructure construction output continues to grow.
06 Apr 2018
BCIS research has highlighted the decline in directly employed maintenance staff in the public sector.
16 Apr 2018
BCIS is forecasting that oil prices in construction will rise by 2% in the year to Q4 2018, then by 3% per annum over the remainder of the forecast period. Oil prices are sensitive to political issues, particularly in the Middle East, which could put sudden upward pressure on prices. Consequently, oil prices are one of the biggest risks to the forecast.
15 Mar 2018
Inflation in resource costs for maintenance work has risen between 2% and 5%, however the picture is not the same across all trades.
BCIS has been working with the specialist valuation team at Ecclesiastical Insurance Group Plc, to create the Ecclesiastical Heritage Index (EHI).
05 Apr 2018
Housebuilders’ costs rose 4% in the year to 4Q2017 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.
Resource cost increases for painters and decorators have pushed up rates for this work between 1% and 2% in the past year, while costs for contractors working on domestic extensions and the like have seen rates generally rise by between 2% and 5%.
08 May 2018
RICS Data Services are working with the European Commission’s Directorate General for Energy (DG ENER) to maintain and update the EU Building Stock Observatory (BSO).
© RICS 2018
© RICS 2018