Professional services consultancy Turner & Townsend has forecast that real estate tender price inflation (TPI) will settle to 3.5% in 2023 before falling to 2.5% through 2024.
Turner & Townsend
Learning from the mistakes of the past is a common theme for the project team delivering the £207.3 million Edinburgh Trams to Newhaven line. The first phase of the trams project began operating in May 2014 after six years of disruption and a long-running dispute between the council and contra
As recessionary clouds gather over the UK economy, it is no time for businesses to compromise on their sustainability ambitions, according to a new report from Turner & Townsend. In its Autumn 2022 UK Market Intelligence report (UKMI), the global professional services company recognises that the
Turner & Townsend has called for a fundamental re-evaluation of the role of the cost manager, as the built environment sector tackles the need to quantify carbon as well as capital cost when planning and delivering new investment. The global professional services company has launched its Embodie
Crown Estate Scotland’s ZeroFour innovation hub at Montrose has taken a major step towards its aim of supporting clean, green economic growth in Angus and the north-east, by awarding seven key contracts to four Scottish-based companies. The delivery team, which now comprises an architect, cost
Global professional services company Turner & Townsend has reported a strong set of annual financial results across all its global regions, with UK revenue up 17.8%. Turnover and net revenue have risen to £884 million and £779m – increases of 21.5% and 17.2% respectively &ndash
The UK construction sector is set to face the spectre of increased insolvency, exacerbating price rises while rivalling inflation as a threat to successful project delivery, Turner & Townsend has warned. As inflationary pressure persists, the global professional services business’ latest U
Professional services business Turner & Townsend has been selected to support GlaxoSmithKline (GSK) with their capital portfolio management in Montrose.
Real estate developers in the UK should brace for further increases in construction costs that will impact the viability of planned projects, as labour shortages, Brexit red tape and war in Ukraine maintain pressure on prices, Turner & Townsend has warned. The global professional services firm&r
Maxi Construction has been awarded a £2.5 million contract from Scottish Borders Council for the construction of Hawick Business Centre, a new three-storey business space hub for small businesses within Hawick town centre. The new 433m2 development will be constructed across three floors provi
Soaring inflation in the UK construction sector exacerbated by the conflict in Ukraine means that businesses should focus on securing a resilient supply chain and getting the basics right to guard against further shocks, according to Turner & Townsend.
The UK construction sector needs to act now to boost productivity and counteract soaring inflation for labour and materials in the years ahead, according to Turner & Townsend.
Transport Scotland has reappointed Turner & Townsend to provide the audit and monitoring service in relation to the technical, financial, and commercial management of the maintenance and improvement of the Scottish Trunk Road Network.
The UK construction sector cannot ‘firefight’ inflation but needs to look at a range of levers to manage the prospect of tender price rises to 5.5% as far ahead as 2025, according to professional services company Turner & Townsend.
The Ayrshire Hospice could be set for a £13 million refurbishment and redevelopment to help ‘future proof’ the facility under new plans lodged to South Ayrshire Council.