BCIS launches Scottish tender price assessment panel

BCIS has set up a new panel to help measure the trend of contractors’ pricing levels in accepted tenders in Scotland. 

The Scottish Tender Price Assessment Panel (STPAP) is comprised of cost consultants from firms involved in multiple construction tenders in Scotland. 

As well as reporting on quarterly and annual movement in tender prices, the panel will provide commentary on current conditions affecting pricing levels on construction projects in Scotland. 

The first panel meeting took place in October, when members agreed on a consensus figure of 1% increase in tender prices in 3Q2023, compared to 2Q2023, and an annual rise of 5% on 3Q2022. 

Read the full report on the 3Q2023 findings here.

Karl Horton, BCIS Chief Data Officer, said: ‘After requests from subscribers to set up a Scottish panel, I’m delighted that we have the first set of results, which will help us to understand the economic factors that are currently affecting tender prices in Scotland. 

‘While there are issues that are UK-wide, and in some cases global, with the supply of materials, energy prices, and shifting legislation and regulations around safety and decarbonisation of the built environment, there are also factors that are particularly pertinent to projects going out to tender in Scotland. 

‘We are hugely grateful to the members of the panel, who are sharing their time and experiences with us, and hope that the knowledge and data coming out of the survey and panel discussions will be informative and useful for all of our subscribers who are working on projects in Scotland.’ 

The formation of the STPAP has been welcomed by Scottish Futures Trust. Senior Associate Director Paul Dodd said: ‘Inflation continues to provide a significant challenge to industry and clients within Scotland’s construction sector. 

‘We welcome BCIS’s commitment to organise the Tender Price Assessment Panel for Scotland, that will support greater collaboration, insights and consensus on tender price inflation. The panel’s ability to develop greater insights and knowledge sharing on the factors affecting inflation will support the construction sector to manage the impact of inflation and deliver improved outcomes.’ 

Panel Members  

Alan Wilson, Doig+Smith
Gordon Ritchie, Gardiner & Theobald
John McGuire, Thomas & Adamson
Ken Wilkie, Arcadis
Robert Rankin, AECOM
Ross Lovatt, Thomson Gray
Ross McKenzie, AtkinsRéalis
Suzanne Graham, Turner & Townsend 

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