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Q3 2026

Tender Price Indicator

Our latest TPI forecasts annual tender price inflation of 3.25% for Autumn 2026, down from 3.50%.

While main contractor appetite is improving, the market remains caught between two forces: cost pressures persist from energy volatility, specialist labour and uneven material and plant costs, but weaker demand and fewer projects reaching tender are limiting how much of that cost can be passed through. Add in macroeconomic uncertainty and shifting risk allocation, and project-specific pressure is only increasing. 

Download the report and find out how this could shape your project strategy for the year ahead.