The RICS’ Building Cost Information Service is behind the new BCIS Civil Engineering Trends and Forecasts service.
It offers over 30 market intelligence resources to help those in the infrastructure sector better understand and prepare for inflationary pressures on their business and built projects.
Resources include market demand reports, five-year sector forecasts, tender price studies, wage agreements and information around construction output, new orders and state of trade surveys, along with cost and price indices for civil engineering.
Joe Martin, BCIS Lead Consultant, RICS Data Product Management said: “In uncertain times the need for a consistent analysis of the factors that drive project costs is becoming increasingly important.
“Therefore, we have used our 50 plus years’ experience – of measuring and forecasting construction demand cost and prices – to create this one-of-a-kind infrastructure cost product, which will help those in the sector gain unrivalled insight into the relationship between cost, demand and price.”
James Fiske, Global Director and Data and Information Products at RICS added: “The insight from this new tool will enable contractors and clients to best prepare and plan for financial risks on infrastructure schemes and apply the most appropriate inflation measures in contracts, which in turn will help them develop more transparent and competitive strategies for cost-effective and sustainable built projects.”
For more information click here.