Materials firms urged to explain price rise reasons

Grant Prior 1 hour ago
Share

Construction leaders are calling for greater transparency over current and planned materials price rises.

In its latest update the Construction Leadership Council’s Construction Material Supply Chain Group said: “One of the key challenges across the supply chain remains the lack of detailed explanation accompanying price increases, making it difficult to justify and communicate these costs to clients.

“Clearer evidence and transparency would be welcomed, even if the increases themselves are not.”

The group said war in the Middle East would continue to push prices up for the foreseeable future despite no growth in demand with only concrete plain roof tiles are currently in short supply.

It added: “While there is acceptance that price pressure is justified in some areas, particularly for energy-intensive products (e.g. steel, bricks, concrete, glass, insulation) and petrochemicals (e.g. adhesives, bitumen, PIR, and PVC pipe), increases in other product categories are considered difficult to attribute solely to underlying costs.

“There is no product category that has not shown signs of either current or forthcoming price increases, with pressure recently extending into bathrooms and kitchens, driven respectively by MDF costs for cabinetry and rising overseas logistics and global input costs.

“Increases in raw material costs for metals, including steel, brass, tungsten and copper, were already evident before the Middle East Conflict. Worryingly, further increases are expected, as some imported steel products are facing severe UK tariffs and quotas from 1 July.

“As costs are passed along the supply chain, profit margins are being squeezed at every level. We know, for example, that cost pressures are severely affecting roofing and other specialist subcontractors, who are trying to balance escalating material costs within existing 6-12 month fixed-price agreements, highlighting a significant pressure point within the supply chain.”

Latest news

Ballymore gets go-ahead for 1,700-home Silvertown scheme

Riverside Knights Road scheme now heads to mayor for final sign-off
52 minutes ago

Materials firms urged to explain price rise reasons

Construction leaders call for more clarity on increases
51 minutes ago

Brighton plans purpose-built £80m women’s football stadium

Seagulls push ahead with landmark 10,000-seat ground next to Amex
13 hours ago

Legendre gets green light for office-to-hotel scheme

Construction to start next year on Hammersmith conversion
1 hour ago

Graham to deliver first phase of Solihull town centre revamp

Contractor signs PCSA for residential-led development
23 hours ago

Bristol backs 28-storey student tower at Cabot Gate

Hammerson plans landmark student block on shopping centre car park
2 hours ago

Pagabo starts race for new £5bn major works framework

Procurement specialist launches first big building deal under YPO partnership
1 day ago

Groundworks firm Mackoy files administration notice

£23m turnover specialist lodges High Court papers
1 day ago

Caddick rises to £375m turnover but headwinds cut profit

Construction group profits nearly halve to £4.5m as margins come under pressure
1 day ago

Family of former UCATT president secure asbestos payout

Three contractors settle with family of John Flavin
1 day ago

McAleer & Rushe full of confidence after record results

Progress continues this year after record turnover and rising profits in 2025
2 days ago

Balfour gets start date for £54m Middlewich bypass

Work starts next month on 2.5km Cheshire road job
2 days ago

B+K gets green light for £1bn Golden Valley first phase

Cheltenham cyber campus can now start after reserved matters approval
2 days ago

McLaren seals Sizewell C worker campus and apprentice college

Three-year deal covers 2,400-bed worker village, new Leiston college and key site buildings
2 days ago

Go-ahead for Microsoft’s £4bn Leeds data hub push

Three-building hyperscale scheme clears planning at former power station site
2 days ago

Historic builder Jerram Falkus went down owing suppliers £8m

More than 400 firms left holding unpaid invoices
2 days ago

Willmott Dixon lands £92m Wembley college campus

Eight-storey skills hub will rise on Olympic Way
2 days ago

Engineering construction workers land 4.5% pay rise

£2,000 average increase as union calls for next year's wage talks to start now
5 days ago

All change at the top at McGee

Managing Director Seb Fossey to leave after nearly a decade
5 days ago

Graham lands £60m Trafford Stretford Mall flats job

Contractor beats three rivals to first phase of town centre regeneration
5 days ago

Bovis owner pulls out of bid for brick giant

War of words breaks out after BRCK takeover talks collapse
6 days ago

Balfour gets trial date for nuclear site death

Two-week hearing scheduled for 2028
6 days ago

Reds10 lands £22.5m modular school job in Leicestershire

Factory production of 103 modules to start later this year
6 days ago

Benniman rides logistics boom to £140m turnover

Strong order intake points to further 20% growth in 2026
5 days ago

Wates order book hits record high

Profits recover as turnover hits £2.56bn
6 days ago

Pagabo unveils new £4.2bn civils mega-framework under YPO tie-up

New 13-lot deal merges civils frameworks under 10-year procurement alliance
6 days ago

Four arrested as SFO probes ECO4 retrofit claims

Three firms under investigation over suspected £44m home insulation fraud
7 days ago

B+K builds profits as £477m cash pile fuels expansion

Contractor ramps up property investment and fit-out push in softer market
6 days ago

Dundee joinery specialist ceases trading after 163 years

23 jobs axed as Oastler calls it a day after three years of losses
7 days ago

Costain opts for 3D printed concrete on Teesside job

Robot-made concrete pipeline supports cut concrete and steel use by 40%
7 days ago