Category: RLB
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Tender prices under pressure as new project orders dry up
A slowdown in new project orders is intensifying pressure on tender prices across the UK construction industry, consultancy Rider Levett Bucknall (RLB) has warned. RLB’s latest weighted average tender price index (TPI) forecasts a 3.03% uplift for 2025, which is slightly down from the Q2 2025 forecast of 3.22%. Although Office for National Statistics (ONS)…
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Lack of information requirements devalues asset data
Poor definition of information requirements at the tender stage is making it harder to unlock the value of built asset data, according to Rider Levett Bucknall (RLB). In its latest Procurement Trends Survey, RLB interviewed 108 main contractors from across the UK and across sectors. According to the respondents, half of tenders feature either no…