In the next 12 months, UK inflation is expected to exceed 4%. Some of the most extreme inflationary pressures are being seen in building materials, and this is now starting to spill-over into increasing tender prices too. The shortage of building materials is a worldwide trend, affecting globally traded products including metals and timber. And the consequences are rising too, with higher prices and extended delivery times both having a significant impact on projects.

In our latest market update, we explore the causes and implications of construction materials price inflation. How long are these price rises likely to be sustained? And – most importantly – what options are there to help mitigate against inflated risk premiums, and how can clients ensure that their projects are not adversely affected?