Davis Langdon’s cost indices track movements in the input costs of construction work in various sectors,incorporating national wage agreementsand changes in materials prices as measured by government index series.
They provide an underlying indication of price changes and differential movements in the various work sectors but do not reflect changes in market conditions affecting profit and overheads provisions, site wage rates, bonuses or materials’ price discounts/premiums.
Market conditions are recorded in Davis Langdon’s quarterly Market Forecast (last published 20 April).
- Construction inflation measures all falling
- Electrical cost inflation zero over the last year
- Consumer price inflation higher than construction price inflation and forecast fall being stubbornly resisted
- Higher oil prices have impacted trades such as roadbuilding
- Lower metals prices have brought cladding costs down
- Manufacturing industries’ input costs sharply lower
- Plumbers in England and Wales the only trade so far to receive ny wage increase in 2012
To read the full Cost Update please click on the download link to the left.