Inflation hits transport infrastructure projects and maintenance costs

Inflation

Rhodri Clark
03 May 2022
David Renard: High rates of inflation will impact councils’ ability to deliver
David Renard: High rates of inflation will impact councils’ ability to deliver

 

Transport infrastructure project managers are bracing themselves for the impacts of the unexpectedly high rate of inflation on scheme progress and how far overall funding will stretch as a result of cost overruns.  

Although fixed-price contracts and/or contingency allowances will  provide some protection in the short term, the wider position looks set to have unwelcome consequences for what can be delivered within existing budgets.

The Civil Engineering Contractors’ Association...

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