Building costs will increase by 15% and tender prices by 19% over the next five years, according to the latest forecast from Building Cost Information Service.

With material prices rocketing, this month’s contract clinic question comes from a reader worried about how to price timber costs for a residential project tender.

As we head for recession, how much prices fall, for how long and when that is likely to happen, is a complex question and varies due to circumstance. Kris Hudson explains.

How should construction firms respond to inflationary pressures around the world? Kris Hudson looks at the numbers.

Market volatility, supply disruptions and rising costs are starting to affect project viability, writes Kris Hudson.

While general inflation is expected to recede, the industry’s measure is likely to remain higher, writes Kris Hudson.

The construction sector recovery hangs in the balance unless companies act to boost productivity to counteract inflation.

James Sargent explains the contractual options available to mitigate the impact of products shortages and rising costs.

Consultant Turner & Townsend has revised its inflation forecast for real estate tender prices upwards to 5.5% in 2021.