Tag: tender
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Tender review system aims to eliminate overspecification
It is already being applied to live projects, with savings identified in the majority of cases, Re-Structured said. On one London scheme, the review uncovered significant overspecification, recommending targeted investigative work and a leaner redesign. The revised scheme removed 4,200kg of steel and 10,000kg of concrete, delivering estimated savings of £20,000 and cutting 8,700kg of CO2 emissions. View the…
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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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Mace increases tender prices forecast as labour pay surges
Construction pay is growing at its second highest rate since the pandemic, according to Mace’s latest industry forecast. The consultancy’s quarterly Market View report shows that construction pay is now rising faster than all but one other sector, with vacancies also jumping to their highest level in 18 months. While pay growth across the whole economy spent most of…