Material costs set to rise, report warns

By 2018-10-17T09:02:00

Cladding tests for Studio Bark's Orchard House

’Increased costs will hit just as UK market is slowing down’

The cost of building materials is expected to rise by more than 5% in the coming year at the same time as the UK market is starting to cool down, according to a new report.

Consultant Turner & Townsend (T&T) said that against a background of subdued growth UK contractors had reported a 23 percentage point rise in order books.

But this good news was tempered by the likelihood of input costs rising by 5.3% over the next 12 months.

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