Build Cost & Programme

19 July 2017, by James Kelway

Build costs and programme delivery time scales have stabilised into 2017

 

■ The latest indicators from the recently launched Savills ProgrammE and Cost Sentiment Survey (S.P.E.C.S) demonstrate that build costs and programme delivery time scales have stabilised into 2017.

■ Indeed, following an initial rise post EU referendum in build costs and construction time scales 2017 has seen contractors reporting an increase in activity.

■ Generally however, competition in the market is robust and tender returns maintain the view that we are not currently experiencing a rise in build costs. Moreover, given the fact that speculative deliveries have fallen into 2017 now could be considered a good time to tender for further speculative development.

FIGURE 29

Build cost and timescale sentiment

 
Figure 26

Source: Savills Research SPECS 2015+100

 

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Key Contacts

James Kelway

James Kelway

Director
Building & Project Consultancy

Savills Margaret Street

+44 (0) 20 7409 8977

 

Kevin Mofid

Kevin Mofid

Director
Commercial Research

Savills Margaret Street

 

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