April 20, 2012
Rising bitumen prices should be factored in more consistently when awarding highways contract tenders, according to Tarmac National Constructing (TNC).
The near 60% bitumen price hike of the last two years, driven by a major decrease in European refinery production, is said by TNC to be making it “extremely difficult” for highways contractors to tender for work, as current price fluctuation mechanisms do not fairly compensate for significant extra input costs.
TNC says that while the Highways Agency’s
