True Cost Of Cladding Crisis As High As £50bn

The true cost of the national fire safety recladding project is 10 times higher than the Government’s allocated funding, according to one of the largest specialist contractors in the Midlands. The government has set aside £5bn for cladding remediation works but this falls woefully short of the £50bn estimate Colmore Tang Construction believes is needed to make every high-rise housing development compliant. The firm has priced remedial projects on over 20 typical developments. It found the average cost of these works to be around £4.65m for buildings above 18m and £2m for buildings between 11m and 18m, which they claim is fair reflection of typical costs across the country. Read more on the Construction Enquirer website.

https://www.constructionenquirer.com/2021/04/20/true-cost-of-cladding-crisis-as-high-as-50bn/