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Out Rics Tender Price Index Hood . This will be reflected in the bcis market conditions index, putting upward pressure on tender prices. *** basis of bcis tender price index. Scottish social housing tender prices from www.rics.org Tender prices outstripped inflation over the last year, reveals the royal institution of chartered surveyors' (rics) latest tender price index compiled by its building cost. Tpi figures prior to 4th quarter 2018 are based on project indices, generally single stage, traditional procurement, average value <. Tender prices rose by 7.0 per cent in the year to first quarter 2001 compared with general inflation which rose by 2.2 per cent.