BCIS Civil Engineering Market Report [electronic resource]
Language: English Series: BCIS Civil Engineering Market Report ; August 2008Publication details: 2008Subject(s): LOC classification:- 690.23 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 144925-2001 |
Summary -- Trends in costs -- Trends in demand -- Demand forecast -- Cost forecast
Presents civil engineering costs, demand and output in engineering work. Forecasts civil engineering costs for the second half of 2008 and the year 2009. Shows that civil engineering costs increased sharply in the first half of 2008. Explains that labour and plant costs increased about the rate of inflation. Suggests that infrastructure output is 4% higher in the first quarter of 2008 than it was in the previous quarter. Reports that orders for infrastructure work increased considerably. Mentions that output was bad for all sectors, except electricity. Predicts that, due to the slowdown in the economy, infrastructure will be one of the few sectors having a growth over the next few years and most of the demand will come from the public sector. Forecasts that overall salaries will have a lower increase in 2009 than in 2008. Predicts that oil prices will continue to rise. Concludes that overall civil engineering costs should increase to 6.5% in 2008 and 6.0% in 2009.