Insolvency to rival inflation as project cost threat
Insolvency to rival inflation as project cost threat
Abstract
Contractors that were at risk of insolvency before Covid struck now look increasingly exposed warns T&T. Turner & Townsend has revised its tender price inflation forecast for this year, now up to 8.7% for building work. In 2023 the forecast has also been raised to 5.0%, up from Spring's 4.5 percent, and remains elevated into 2026 at 5.5%. In 2022 the forecast. In 2025 the forecast is also raised to5.5%. In 2012, the forecast was also raised. In 2014, it was raised to 4.3% for the same year.
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