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Tender price rise causes increase in projects put on hold

The value of projects put on hold in the last 12 months has gone up by almost 30%, according to a new reports from research organisation Barbour ABI.

The rise in stalled projects is believed to relate to a rise in tender prices of around 15 to 20% this year, which is beyond what many schemes have budgeted for.

The research shows that projects worth a total of £12bn were put on hold between September 2014 and August 2015, compared to £8.6bn of projects in the previous 12 month period.

London and the south east experienced the biggest jump in projects being put on hold in the last 12 months, jumping by a significant 49%, followed by North England with an increase of 37%.

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