Tender Price Index – July 2024

Tender Price Index – July 2024

Tender Price Index – July 2024

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Every six months, the SCSI publishes its TPI report to give insights regarding professionals’ sentiment towards tender price changes between the first and second halves of the respective years.


Tender price inflation over the last 18 months has eased considerably when compared to the volatile period of 1H2021 to 1H2022 inclusive, when the six-monthly TPI rate of increase was approximately 7%.

The national TPI figures for 2H2022, 1H2023 and 2H2023 were increases of 3.7%, 2.4% and 1.5%, respectively (Table 1 and Figure 1). The latest data highlights that the six-month index inflation rate for the first half of 2024 is at 1.5% nationally.

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