Tender prices in the construction sector throughout Australia are rising at their fastest pace in many years as massive levels of investment in apartments and infrastructure put contractors in a strong bargaining position, especially in eastern states.

In a new report, quantity surveying outfit WT Partnership said significant levels of tender price escalation was underway in Queensland, New South Wales and Victoria, whilst more modest levels of escalation were evident in Western Australia, Tasmania, South Australia and the Australian Capital Territory. In terms of states, New South…