neers. Readers should always obtain fee proposals for their project prior to commencement as there are many factors that All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any Whilst some EU materials exporters to the UK are adjusting to Brexit, other EU exporters ― initially smaller or specialist firms hit proportionally harder ― are now deciding not to supply the UK at all, because the additional red tape involved makes it not commercially viable. Balancing risk and reward remains a central goal of main contractors and supply chain firms. The intention is that it leads to

prices for the most frequently specified items, the majority with labour constants and detailed build-ups

These sections contain Prices for Measured Works organized using the NRM2 Work Sections for building works. There are the first signs that main contractor preliminaries costs are being adjusted from the one-way traffic of recent years. along with the standard features you have come to expect from SPON’S ARCHITECTS’ AND BUILDERS’ PRICE BOOK: Construction cost inflation is at its highest level for decades. Global supply chains have been tested to the max as coronavirus and the war in Ukraine disrupted materials supply and raised energy costs, at a time when UK trade policy was in the midst of significant change. It’s been a perfect inflationary storm and prices of some materials have soared. AECOM’s overall building cost index has reached record highs. Demand is currently holding up but project viability is coming under increasing pressure and headwinds are strengthening.

The right of AECOM Ltd to be identified as the Author of this Work has been asserted by them in accordance Construction prices rose over the year at Q1 2017 by 5%, according to AECOM’s tender price index. The yearly rate of change This section contains guidance on fee levels for professional services; Quantity Surveyors; Architects’ and Consulting Engi- The price level of Spon’s A&B 2018 has been indexed at 595. Readers of Spon’s A&B are reminded that Spon’s is the only Indirect costs have steadily increased for the last few years. Now though, there are the first signs of a break in this trend forresponse to industry output changes, lingering uncertainty for the medium-term and the need to retain a competitive edge. We This yearly rate of change keeps the run rate of construction price inflation above the long-run average. Recent price increases electronic, mechanical, or other means, now known or hereafter invented, including photocopying and contained in this book and cannot accept legal responsibility or liability for any errors or omissions that may be