World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Contractors report increasing tender prices

18594425_sUK: An increasing number of specialist contractors within the construction industry are reporting increased tender prices.

The latest state of trade survey by the The National Specialist Contractors Council (NSCC) reveals that the number of specialist contractors benefiting from increased tender prices is at its highest for eight years.

Figures for the fourth quarter of 2014 reveal that 44% of specialist contractors have increased tender prices compared to just 11% who decreased prices in the same period. The balance of tender prices, which is the difference between respondents reporting an increase and a decrease in prices, is said to be the highest since the pre-recession days of late 2006. This has been driven by a combination of increased demand and the rising cost of materials, with 82% of specialist contractors reporting an increase in suppliers’ prices in the last quarter.

The NSCC represents 31 specialist trade organisations within the construction industry including the Association of Ductwork Contractors and Allied Services (ADCAS) and the Catering Equipment Distributors Association (CEDA).

The latest figures reflect a growing upturn in the sector. Last week the Building and Engineering Services Contractors’ Association reported increases in workload and turnover in the UK. The latest NSCC report reflects this with eight out of 10 specialist contractors reporting that they are working at over 75% capacity with almost half at over 90% capacity. Capacity levels look set to be maintained over the next year with more than half of respondents anticipating that their workload will increase during this period.

However, continued growth within the industry could be undermined by skills shortages with 43% of specialist contractors reporting more difficulty in recruiting skilled labour in the last quarter. The balance of recruitment difficulty remains at its highest level for 10 years. Late payment also remains an issue with 20% waiting on average more than 60 days to get paid.

Related stories:

Contractors see rise in workload and turnover – February 20, 2015
UK: Despite a modest slowdown, building service contractors are continuing to report increases in workload and turnover in the UK. Read more…

Latest News

1st March 2024

Heat pump grant requests up 39%

UK: Applications for the UK’s boiler upgrade scheme in January were up 39% on January 2023, according to figures from the Department for Energy Security and Net Zero.
1st March 2024

Bitzer to launch new hydrocarbon compressors

GERMANY: Bitzer is to expand its range of compressors with new models for use with hydrocarbon refrigerants.
29th February 2024

BESA backing for WorldSkills UK

UK:The Building Engineering Services Association (BESA) is organising the refrigeration and air conditioning (RAC) category of the WorldSkills UK competition.
29th February 2024

Beijer Ref to acquire Australian firm QAE

SWEDEN/AUSTRALIA: Beijer Ref will expand its position in the Australian market with the agreement to acquire 60% of the shares in Sydney-based Quality Air Equipment (QAE).
29th February 2024

Chemours places CEO on administrative leave

USA: Chemours has placed its president and CEO Mark Newman, CFO Jonathan Lock and principal accounting officer Camela Wisel on administrative leave pending the completion of an internal review.
28th February 2024

Seeley to boost production in US export push

AUSTRALIA: Evaporative cooling equipment manufacturer Seeley International is to upgrade and expand its manufacturing plant in Lonsdale, South Australia, to boost exports to the USA.