BCIS reports tender prices increase by 0.5%

Latest data from the Building Cost Information Service (BCIS) shows tender prices increased by an estimated average of 0.5% between 4Q 2024 and 1Q 2025.
The increase resulted in 2.3 per cent annual growth in the BCIS All-in Tender Price Index, down from a peak of 10.3 per cent observed in 2Q 2022.
BCIS Chief Economist, Dr David Crosthwaite, said: “Tender price movement in the first quarter of 2025 has somewhat bucked the trend of price inflation accelerating at the start of the year.&ldquo