Tender prices for major building projects in Sydney are under pressure as high levels of construction activity across all sectors is leading to builders and tradespeople being more selective with the work they take on, the latest report suggests.

In its latest Construction Market Conditions report, quantity surveying company WT Partnership says it expects tender prices throughout New South Wales to rise by 4.0 percent in 2017 and 4.5 percent in 2018 – well outstripping the rate of increase in any other state or territory. Driving the growth is…