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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 to push prices up.'Workload is also expected to increase in 1994, creating the right conditions for contractors to pass on input price rises.'Major cement firms have already put their prices up by 4 per cent and the cost of plasterboard, steel lintels, bricks and blocks has risen this year.And subcontractors could push up their rates due to skills shortages as workload picks up. CONSTRUCTION NEWS