Our predictions on inflation for 2023 have already been realised across most materials, with further inflation expected.
- Driving pressures in procurement and contracting continue to be a key consideration for most clients
- Contractors are busy but taking a more selective approach in securing the business pipeline
- The funding market is proving difficult due to varying factors
- The volatility of the main contractor and sub-contractor market is variable depending on region, procurement route and contract form
- Changes to building regulations are impacting cost certainty.
Looking further ahead, Cumming Group is closely monitoring how these are affecting our clients, and advising on how we can pre-empt challenges and provide solutions.