Our packages provide a range of pricing datasets including small and large projects and alterations and refurbishment
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LoginPublished: 11/09/2023
Construction rates in the BCIS Major Works, Minor Works and Alterations & Refurbishment estimating datasets increased by 8.1% in the second quarter of 2023, compared to the same period last year.
The increase is an average of all rates across all trades covered in the datasets. However, while a surge in the cost of many materials has calmed in recent months, there remain significant differences in overall price changes between the trades.
Karl Horton, Chief Data Officer at BCIS, said: ‘Although soaring material costs and supply chain issues have largely eased, the updated prices show this is not spread evenly across the board.
‘This variation is also reflected elsewhere in BCIS resource cost inflation indices. For example, the cost of work on softwood carcassing and structural members in July 2023 was 11.1% less than in the same month last year, whereas brickwork and blockwork increased by 13.4% in the same period.
‘As well as grappling with material price changes, our data also covers rising labour costs, incorporating the latest wage awards from key industry bodies like the Construction Industry Joint Council and the Building and Allied Trades Joint Industrial Council, that will influence overall pay in 2024.’
The datasets have undergone a thorough review and update, with new rates and resources added.
These include:
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Our packages provide a range of pricing datasets including small and large projects and alterations and refurbishment