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Savills ProgrammE and Cost Sentiment Survey

UK Commercial – July 2020

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 29.07.2020
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 142,52 kB
  • Sprache(n) : Englisch

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Inhalt

Since the last update, it is extraordinary to think how much the world has changed. The personal and professional challenges resulting from the pandemic are unprecedented and, for everyone, the focus is now on the safe and responsible return to work and building back momentum.
Following a short hiatus, construction is continuing, albeit with physical distancing measures in place. This is not without its challenges as in many cases, the development of new processes has meant that projects are taking longer to complete, and programmes are being adjusted accordingly. This also has the
potential to lead to higher costs as welfare provision increases and more machinery is needed to complete certain tasks. As lockdown continued, the levels of speculative and turnkey development have declined, therefore contractors have been pricing projects accordingly to maintain previously strong order
books. This has meant that we have not seen tender price inflation based on the price of labour or materials.
This is reflected in the S.P.E.C.S index for Q2 2020 with a score of five.

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