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17Feb94 UK: TENDER PRICES TO RISE.

Tender prices are expected to shoot up by 5 per cent during the next 12 months.Cost consultant E C Harris believes bids will rise as materials prices go up and workload in the construction industry increase.Experts at the firm are predicting stable tender levels for the next few months followed by rising prices leading to a 5 per cent increase by this time next year.A spokesman said: 'Rising material costs and future rises in subcontract prices will increase pressure on contractors ...

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