In our last report, we forecast cost increases of 9% in insurance building repairs during 2021. Further cost increases were anticipated, and we can now report the measure of inflation we’ve recorded over the full 12-month period. Material cost increases are ongoing, and contractors continue to report difficulties in retaining and recruiting labour.
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Tags: builder's risk, builders, building, building consultancy, construction, Costs, inflation, market trends, materials, Property, repair, Restoring property