RICS warns on rising construction costs

Michael Donnelly, PlanningResource, 13 August 2008

Taxpayers may have to pay more towards large-scale public sector projects such as Crossrail and those linked to the 2012 Olympic Games due to significant increases in costs.

According to the Civil Engineering Market report from RICS’ Building Cost Information Service (BCIS), raw materials and labour costs have risen by 12.2 percent over the past year and, with...

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