Taylor Wimpey fire safey retrofit costs rise by £88m

Taylor Wimpey has been forced to raise provisions for fire safety remediation works after an escalation in costs on recent tenders.
By the end of 2022 Taylor Wimpey had made a £245m total provision for cladding fire safety remediation works.
Announcing annual results this morning the house builder revealed that it had now increased the provision by £88m.
The firm said the increase was due to higher costs based on recent tenders, including project delivery administration costs and fun