Materials' prices rocket on back of high energy costs
Language: English Series: Construction News ; (7089) 9 October 2008, 20-21 (2)Publication details: 2008Subject(s): Summary: Reports the continuing rise in material prices, stating that contractor's input costs have increased by 7.2% since June 2008 and jumped by 14.3% over the year. The higher than average costs have largely been caused by increases in the cost of oil, a strong international demand, and the continued weakness of the pound. Labour rates are 20% higher in London than in Northern Ireland. Suggests that the construction industry is currently relying on public sector spending.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L145601 (Browse shelf(Opens below)) | 1 | Available | 145601-1001 |
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Reports the continuing rise in material prices, stating that contractor's input costs have increased by 7.2% since June 2008 and jumped by 14.3% over the year. The higher than average costs have largely been caused by increases in the cost of oil, a strong international demand, and the continued weakness of the pound. Labour rates are 20% higher in London than in Northern Ireland. Suggests that the construction industry is currently relying on public sector spending.