Tenders in the construction industry have been amongst the worst hit by the global recession. With the housing and industrial sectors amongst the worst affected, the availability of construction jobs in general has diminished, let alone opportunities in the public sector.

While the number of jobs available has been much lower than in previous years, the value of those jobs has also decreased in line with smaller budgets and the decreased availability of funding.

A recent report by the Building Cost Information Service now predicts that tender prices will not rise again until 2012. With budgets certain to fall in 2010 the public sector construction industry looks set to have another tough year, with questions remaining as to whether we will ever see tender prices at pre-recession levels.

The construction industry and the tenders involved need to to see an improvement in the economy as a whole if there is to be any hope for full and speedy recovery.

To find out more about what the BCIS has to say on the matter, and more construction news, visit www.cnplus.co.uk