Issue Date: 21 May 2018
Associated Document: n/a
Rising global commodity prices have the potential to have a
significant and detrimental impact upon the UK infrastructure
Escalating costs for materials such as steel, aggregates and
fuels can make the difference between a project being deliverable
or not. Unanticipated rises can also impact upon the ability for
contractors to deliver work within the agreed cost.
For this reason CECA is keen to work with representatives from
across industry and its client base to identify ways to mitigate
construction inflation risk.
CECA supported the Highways Term Maintenance Association in its
development of a new price adjustment index for the highways
We have also put on a series of seminars covering hedging
of prices for fuels, steel and copper.
Finally we are looking at options to replicate the highways work
in other sectors, to reduce members exposure to material price