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 33 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.
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.
10 Jan 2018
As a child, Country Manager of Turner & Townsend India Ameya Gumaste MRICS was fascinated by how a plan on paper could become a real-life building. He is now responsible for 125 people across India, but how did he get there? Ameya tells us in his own words.
Alan Muse FRICS, 04 Dec 2017
Our professionals now have access to a new technical resource to help them work with and use the recently launched International Construction Measurement Standards (ICMS).
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.
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.
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.
The £60.9 billion annual spend on building maintenance (current prices) makes a significant contribution to the economy, accounting for over 3% of GDP.
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).
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.
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.
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’.
Kim Bailey, 13 Sep 2017
Ten firms that utilise BIM technology to create smarter, more creative buildings were recognised at the 2017 RICS BIM4SME Awards, where Willmott Dixon Interiors won the esteemed ‘Best Overall BIM Project’ for their work on 39 Victoria Street in Westminster, London.
© RICS 2018
© RICS 2018