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Prices data for the industry of Great Britain.
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Key trends in Guide to data
Our series of cost
indices track movements in the input costs of contractors work in various
sectors, incorporating national wage agreements and changes in materials
as measured by government index series. They provide an underlying indication of
price changes and differential movements in the various work sectors, but do not
reflect changes in market conditions affecting profit and overheads provisions,
site wages, bonuses or materials’ price discounts/premiums. Market
conditions are recorded in Davis Langdon’s quarterly Market Forecast (last
published 13 May).
Building
Mechanical
Electrical
Consumer prices
Price adjustment
formulae indices, compiled by the Department of Trade and Industry and Official
of National Statistics, help calculate increased costs on fluctuating or
variation-of priced work contracts. They provide useful guidance on cost changes
in various sectors and on the differential movement of work sections in Spon’s
Price Books.
Over the past year, the
average increase in the 60 building work categories has been 7.7%. But since
July 2004, the average increase has been only 2.7%. This is largely because the
last building wage award was at the end of June 2004, lifting the cost of labour
by 6.9%. Since July 2004, six work categories have fallen:
%
Filling: imported,
hardcore and granular –5.6
Softwood carcassing and
structural members –1.8
Windows and doors:
softwood –1.7
Concrete: formwork –1.6
Concrete: reinforcement
–1.6
Waterproofing: liquid
applied coatings –0.9
Prices for sand and
gravel and crushed rock in
particular fell during
the second half of last
year, but price rises
have been introduced by
quarrying operations
since the turn of this year.
The highest increases
have been:
Windows and doors: steel
+15.3
Metal: decking +10.0
Pipes and accessories:
steel +8.9
Cladding and covering:
coated steel +8.2
Piling: steel +7.7
Metal: miscellaneous
+7.0
Finishes: bitumen, resin
and
rubber latex flooring
+6.9
The highest cost
increases have continued to be influenced by steel. However, it appears the rise
in the value of steel in 2004 has largely passed its way into the supply chain.
The index for steel windows and doors has not changed since January; the
provisional figures for metal decking and coated steel cladding show a slight
fall in April.
http://www.dti.gov.uk/sectors/construction/index.html
http://www.contractjournal.com/HOMEPAGE/
Article/151/45/10370/Interest%20Rates.html
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