Construction pay is growing at its second highest rate since the pandemic, according to Mace’s latest industry forecast.

Observing financial risk indicators can help construction prepare for uncertainty in tender price inflation.

Tender prices are anticipated to rise at a faster pace than costs in 2025 as cost inflation moderates and market activity is expected to increase, according to the BCIS.

Although construction output data offers useful insights for tender prices, considering other indicators is crucial to get a fuller picture, says Pablo Cristi Worm.