To help track movement of wage rates in the UK FIS launched in 2021 The FIS Wage Rate Index. The aim of this work is to support contract negotiations and to help track the impact of shortages on the cost breakdown of projects.
The survey is conducted every six months and FIS is encouraging all contractor members to take part to add to the rigour and value of the survey. Data is published as a price index to allow for regional rate variations and all company specific data is managed in the strictest of confidence. The survey covers core trade roles, labourers, apprentices and construction and site managers.
THE DETAILED RESULTS OF THE SURVEY WILL BE MADE AVAILABLE EXCLUSIVELY TO CONTRIBUTERS.
You can complete the survey via the link here. The survey will close on 8th July 2022.