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building costs

BCIS updates five-year construction industry forecast

admin 26 Mar, 2026 0

Latest projections from the Building Cost Information Service (BCIS) forecast building costs will increase by a predicted 14 per cent over the next five years to 1Q2031, while tender prices will rise by 15 per cent over the same period. The…

Construction

Building costs forecast to rise 15% in next five years

admin 26 Sep, 2024 0

The latest construction forecast data from the Building Cost Information Service (BCIS) shows building costs are set to increase by 15 per cent over the next five years, while tender prices will rise by 20 per cent over the same period. As…