Index figures and the full commentary are available through BCIS Online or in Indices and Forecasts.

• Tender prices remained unchanged in 2nd quarter 2008 compared with the previous quarter but rose by 2.5% compared with a year earlier.
• The General Building Cost Index rose 4.9% in the year to 2nd quarter 2008.
• Materials costs rose 5.5% in the year to 2nd quarter 2008, whilst nationally agreed wage rates rose 4.4%
• Materials prices are expected to rise around the level of general inflation over each year of the forecast.
• Wage settlements are expected to be agreed above the rate of inflation during the forecast period.
• New orders for construction fell by 8% in 2nd quarter 2008 compared with the previous quarter and by 20% compared with the same quarter a year earlier.

© BCIS 2008. This information may not be republished without the written permission of BCIS. 

This information is updated quarterly.