000 01399cam a2200241 4500
001 WB3910-01
008 030313n2003 000 0 eng u
035 _a(Sirsi) u121620
245 _aTender prices significantly outstrip inflation
260 _c2003
490 _aBCIS Press Release
_vMarch 2003, (2)
520 _aThe Building Cost Information Service's (BCIS) latest tender price index and forecast to first quarter 2005 shows that new construction work prices are continuing to outstrip inflation significantly with tender prices rising in the year to the fourth quarter 2002 by 9% compared with 2.7% general inflation. Tender prices rose also by 1.6% between the third and fourth quarters 2002. BCIS forecasts that new work output should continue to expand in 2003 rising well above the long term trend rate. In 2004, growth in new work output is likely to be above trend, albeit closer to it. "BCIS indices and forecasts" and "BCIS quarterly review of building prices" are subscription services but individual issues can be purchased t+ 44 (0) 20 7695 1500, [email protected] or visit http://www.bcis.co.uk/
590 _aWB
650 _aBCIS
650 _aCONSTRUCTION FORECASTS
650 _aBCIS
650 _aTENDER PRICES
650 _aBCIS ALL-IN TENDER PRICE INDEX
650 _aINFLATION
650 _aNEW CONSTRUCTION
690 _aBUILT ENVIRONMENT
942 _n0
999 _c72302
_d72302