Material price tracking
Gleeds’ material price tracking tool mitigates the risks inherent in materials price volatility, empowering our people to make informed decisions and optimise their projects. The powerful Track platform revolutionises price tracking in the built environment with real-time data, historical trends, and accurate forecasts.
It is tough for built environment professionals to keep pace with fluctuating material prices and get reliable prices from suppliers and sources. This leads to decisions being founded on unreliable data.
Our material price tracking tool, Track, simplifies the process of monitoring prices, comparing suppliers, and managing budgets through automated tracking.
This equips our people and clients with accurate and reliable construction price insights, saving time and money, and giving them the confidence they need to justify market conditions.
Streamlining processes
The tool’s user-friendly interface and comprehensive features streamline procurement processes and enhance cost optimisation.
The construction materials feature displays the latest prices, alongside fluctuations over time, via clear charts that make it easy to follow changes and spot trends. Data can be sliced across different periods, with additional filters for targeted searches. Visuals show high-level information on the largest increases and decreases, as well as average variance.
Labour costs can also be tracked, to give real-time updates on construction earnings for skilled and unskilled professionals over time, job vacancies, and labour sources. Information can be filtered for region, age group, task type and income range.
A broad perspective
The Track tool provides a range of rich contextual information that supports strategic decision making. This enables professionals to check how key factors are changing, and how they might impact project planning.
Track monitors and analyses economic trends, indicators, and policies that affect the construction sector – such as GDP growth, inflation, interest rates, government spending, and trade policies. Our people can also access live updates on construction output prices and company insolvencies in the industry.
The tool also offers:
- Live construction news: tracking and curating relevant articles on developments and trends from multiple trusted sources. Topics include events, new projects, building regulations, technology, and innovations, workforce management, industry awards, mergers and acquisitions, and government policies and initiatives.
- Live merchant tracker: tracking thousands of materials across multiple high street builders’ merchants to identify the latest price trends.
- Housing page: showing housing prices and output over time.
- Energy page: visualising energy costs over time.
Material price tracking team
Nahid Jafar
London, United Kingdom
