Construction Cost Escalation

Up-Front Planning for Projects

Published March 2006 - From Tradeline's Leading-edge Management Models for Capital Projects and Facilities Management Conference 2006

Construction cost escalation is not a contingency. It will happen, and you should be planning for it upfront or even now if you are in the middle of a project. Everybody “owns” cost escalation. You can’t control it – you can only respond. And responding requires all stakeholders and team members working together.

Find solutions to managing construction cost escalation.

Construction cost defined.