Home News Tender prices bottom out

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Construction tender prices are beginning to bottom out according to the latest tender price survey from the RICS, but the industry has a long way to go before it recovers to pre-recession levels.

The RICS UK construction tender price index found tender prices rose by 6.4 per cent in the final quarter of 2013, compared with the previous quarter, and by four per cent compared with the same period in 2011.