Its unique Tender Index, updated through the year, gives an ongoing reality check and allows you to adjust for changing market conditions.
Strong output demand over the last year has stretched the industry. The issues are being felt by all firms across the delivery chain - from clients to subcontractors. Capacity constraints almost always manifest themselves in prices. Increased tender prices have become the primary symptom of these supply-side issues.
The main driver of new work output growth over the last 18 months is slowing. Both the public and private housing sectors are quickly reversing all of their recent upward trends when looked at on a yearly growth basis. The counterpoint to this is that the yearly growth figures are still positive, meaning that new work continues to flow.
Although it suits a wide range of project sizes, this is the only price book which sets out a detailed cost base for contracts exceeding £3,500,000 in value.