BCIS produce detailed knowledge of the current state of the construction sector in the UK, providing forecasts for the future as well as case studies of outstanding projects.
BCIS has been developing price and cost indices for over 50 years; over this time we have developed indices in response to both our requirements and in requests from specialist sectors.
Civil engineering prices will rise faster than cost over the next five years responding to a strong growth in demand.
The BCIS Online featured project for June 2019 was procured as a design and build using the JCT Design and Build Contract 2011 based on a contract period of 38 weeks.
The BCIS Online featured project for May 2019 is the recently completed conversion, reconfiguration and refurbishment of Port Talbot’s neo-Georgian style Grade II Listed former Magistrates’ Court building.
The BCIS Online featured project for April 2019 is the soon to be completed (September 2019) £30m learning and teaching centre, submitted by Faithful & Gould. It is located at Newcastle University’s Science Central development site.
The early estimate for the BCIS All-in Tender Price Index (TPI) for the first quarter of 2019 is based on a rise of 0.4% compared with the previous quarter.
BCIS online services are proving a key influencer in how the market interprets data and the condition of the construction sector.
Maintenance costs, as measured by the All-in Maintenance Cost Index, rose by 3.9% in the year to 4th quarter 2018.
When calculated in Euros, UK construction costs are among the most expensive in Europe.
Over the next five years (to 4Q2023) tender prices are expected to rise 29% according to the BCIS forecast issued on 6 March 2019.
Resource cost increases for painters and decorators have pushed up rates for this work by between 2% and 3% in the past year, while costs for contractors working on domestic extensions and the like have seen rates generally rise by between 3% and 5%.
Inflation in the costs of maintenance work has risen between 2.6% to 5.3% over the last 12 months, however the picture is not the same across all trades.
In January 2019, RICS received official ISO 9001 accreditation following an audit process by the British Standards Institute.
The latest BCIS annual maintenance study shows how significant FM is to the UK economy.
The early estimate for the BCIS All-in Tender Price Index (TPI) for 4th quarter 2018 is based on a rise of 0.4% compared with the previous quarter.
Over the next five years (to 3Q2023) tender prices are expected to rise 29%, according to the latest BCIS construction forecasts.
BCIS has introduced a new methodology for estimating the latest All-in Tender Price Index results.
The average annual running cost of industrial buildings is in the region of £57 per m2 of gross internal floor area, according to the latest Occupancy cost plan published by BCIS.