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Tender price rises slow

Series: RICS News Service ; 28 October 2003 (1)Publication details: 2003Subject(s): Summary: The price of new construction work has been rising by less than the rate of inflation, according to the latest tender price index compiled by the Building Cost Information Service (BCIS). Public sector funding is expected to be the key force behind growth in new work output over the forecast period, with strong growth by new work output, before growth slows to a little below trend in 2004 and 2005. For further details contact Peter Rumble t +44 (0)20 7695 1500 e [email protected]. BCIS website http://www.bcis.co.uk.
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News article London News article WB3941-03 (Browse shelf(Opens below)) 1 Available 124170-1001

The price of new construction work has been rising by less than the rate of inflation, according to the latest tender price index compiled by the Building Cost Information Service (BCIS). Public sector funding is expected to be the key force behind growth in new work output over the forecast period, with strong growth by new work output, before growth slows to a little below trend in 2004 and 2005. For further details contact Peter Rumble t +44 (0)20 7695 1500 e [email protected]. BCIS website http://www.bcis.co.uk.