Guide
Singapore tender price index (TPI), explained
The Tender Price Index (TPI) is published by Singapore’s Building and Construction Authority (BCA). It tracks how the prices of construction contracts awarded in Singapore change over time, and contractors and quantity surveyors use it to understand whether tender prices are rising or falling.
Updated 2026-10-09
What the TPI measures
The TPI measures the change in tender prices for construction work relative to a base year. It reflects what clients pay contractors, so it captures material and labour costs together with market conditions such as demand and competition.
BCA updates the index regularly and publishes it with its construction market statistics. Check BCA’s website for the latest figures.
How to use it when bidding
- Sense-check your pricing: a rising index means competitors are likely pricing higher too.
- Adjust old rates: if you’re reusing rates from a past project, the change in the index since then is a rough guide to how far they’ve moved.
- Read the market: a falling index often means more competition for each tender.
The TPI is an average across many projects. Always price from your own costs and the specific tender documents.
Finding construction tenders
Public sector construction tenders from agencies such as HDB, LTA and PUB are published on GeBIZ. See our construction tenders page for what’s involved, or get new construction tenders by email as they’re published.
Frequently asked questions
Who publishes the Singapore tender price index?
The Building and Construction Authority (BCA).
Where can I find the latest TPI figures?
BCA publishes the latest figures with its construction market statistics on its website.
Is the tender price index the same as construction cost?
Not exactly. It tracks the prices clients pay in awarded contracts, which include contractors’ costs as well as market conditions such as competition.