Contractors forced into weekly price checks as volatility grows

Subcontractors are being forced to check material prices and availability every week as renewed market volatility hits construction.
Southern Construction Framework’s latest market report for the first quarter of the year warns that pricing and supply conditions are now shifting week by week rather than month by month.
The report, based on a survey of over 150 subcontractors, said tender workload rose by 2.6% during the first quarter as clients continued to test the market and bring scheme