The trade body, Timber Development UK, is warning the marketing to brace for a new wave of price volatility in the wake of a call to ban ‘conflict timber’.
The war in Ukraine will directly effect the supplies of Russian Siberian Larch and wood use in joinery such a birch plywood or oak.
The warning of another looming price shock comes after the timber supply and demand finally stabilised following the impact of the pandemic in the last quarter of 2021
The labour rate on construction sites increase by 10.1% last month according to Hudson Contract.
Average earnings for self-employed tradespeople rose to £95 per week during February pushing labour rates 7.1% higher than the same time last year.
Mace is forecasting average tender prices will rise by 5.5% this year after a record jump of 7.5% in 2021.
The firm predicts a fresh round of tender price inflation would be driven by energy costs, stoked by the war in Ukraine.
A raft of big-name contractors have been awarded places on the latest £9bn Procure23 NHS construction framework and a separate £21bn central Government major projects framework.
The fourth-generation ProCure23 element for the NHS will be split into three lots – the smallest split into seven sub regions.
The two other lots for the Construction Works and Associated Services 2 deal cover MoD airfield works and major construction projects costing more than £80m.