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RICS publishes BCIS forecasts for the facilities management industry

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Published on: 25 June 2021

Published by LNB News

LNB News 25/06/2021

Document Information

Issue Date: 25 June 2021

Published Date: 25 June 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Royal Institution of Chartered Surveyors (RICS) has published Building Cost Information Service (BCIS) forecasts for the facilities management industry. The forecast outlines that between Q1 2020 and Q1 2026, maintenance costs are expected to rise by 14% and cleaning costs by 18%. In addition, according to the forecast, energy costs will rise by 19%, given the shift away from fossil fuels, and refurbishment and maintenance output will grow by roughly 13%.

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