Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

RLB report says UK construction cost pressure remains

The latest international cost commentary report from Rider Levett Bucknall concludes that European construction markets remain depressed with some stabilisation evident in the UK although at significantly recessed levels.

The RLB report says that London construction continues to decline with the exception of infrastructure activity.

Downward pressure on UK construction costs remains, particularly in Manchester, Birmingham and London, reflecting the ongoing competitiveness of tender markets.

Construction activity in other European markets continues to fall particularly in Madrid, Stockholm and Berlin, with no sign of improvement in general economic outcomes.

However, in line with other global construction markets, civil and social infrastructure construction is improving again responding to Government policy settings in this area.

RLB said construction costs generally continue to fall as competition for reduced work opportunities escalates.

RLB Q2 Tender price forecasts:

FORECASTQ2 2009 %2009 %2010 %