(2000), "Materials prices fall again", Property Management, Vol. 18 No. 2. https://doi.org/10.1108/pm.2000.11318bab.014
Emerald Group Publishing Limited
Copyright © 2000, MCB UP Limited
Materials prices fall again
Maintenance costs fell in the first quarter 1999 for the second successive quarter, but are still 4.0 per cent higher than a year ago, according to the BMI All-in Maintenance Cost Index published in the BMI Quarterly Cost Briefing Maintenance Costs, available as part of the BMI subsciption service, or indivdually priced £65.00 each, from BMI, 12 Great George Street, Parliament Square, London SW1P 3AD.
The fall in costs results from material price fluctuations. The BMI forecast is for maintenance costs to rise above the level of general inflation as a result of labour cost increases. The forecast is for an increase of 4.5 per cent over the 12 months to first quarter 2000. The BMI Index monitors the change in input costs (labour and materials) of carrying out maintenance (Table II).
Table II. BMI maintenance cost forecast