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A quarterly publication from RLB’s Research & Development department. Construction Market Intelligence is a compendium of economic and construction market data and related information on the United Kingdom construction industry. © Rider Levett Bucknall Rider Levett Bucknall UK Limited, Registered Number — 465 3580. Registered in England: Registered Office — 15 Colmore Row, Birmingham, B3 2BH

While Rider Levett Bucknall UK (“RLB”) has endeavoured to ensure the accuracy of the information and materials in this publication (the “Materials”), it does not warrant its accuracy, adequacy, completeness or reasonableness and expressly disclaims liability for any errors in, or omissions from, the Materials. RLB shall not be liable for any damages, losses, expenses or costs whatsoever arising out of or in connection with the use of or reliance on the Materials. The Materials are provided for general information only and should not be construed as costing, legal, tax, or any other professional advice. Professional advice should be sought when utilising any information in this publication to verify its applicability to specific circumstances. The Materials may not, in any medium, be reproduced, published, adapted, altered or otherwise used in whole or in part in any manner without the prior written consent of RLB. Cost information in this publication is indicative and for general guidance only. All prices and rates are as at November 2023 and expressed in British Pounds unless otherwise stated. References to legislative provisions and regulations are as at Q4 2023. Changes after this period will not be reflected. Please note that all prices exclude prevailing Value Added Tax (VAT).