Latin America Biannual Construction Market Report 3Q/4Q 2024
Inflation forecasts
Most respondents (24%) identified global tensions as the biggest threat to the Peruvian construction industry. Close behind, a fifth of respondents saw investor confidence as the largest issue.
Nearly all respondents (96%) reported that inflation is impacting the viability of projects, continuing the high levels seen in our last survey. High inflation squeezes budgets, putting pressure on the delivery of projects.
Figure 30
Peru typical construction tender price inflation forecast
While the figures above reflect typical construction tender price inflation, it's important to consider inflation on a case-by-case basis. Factors such as project size, sector, specification, and procurement and tendering strategies can significantly influence tender prices. Additionally, understanding regional and sector-specific market dynamics is crucial, as these affect supply chain appetite and pricing.
© 2024 Gleeds - all rights reserved
Gleeds privacy policy | Cookie Policy | Modern slavery & human trafficking statement | Equal opportunities & diversity policy