Rising Construction Costs

Anticipating inflation.

Published December 2005 Plan for the rising cost of construction over the duration of your project.

Construction costs have been rising approximately 8 percent per year for the past 5 years. Anticipate 1 percent per month inflation over the course of large projects. Plan for it with a separate escalation funding source, pursue a shelled-space strategy, shorten the project development cycle, or all three.

 - From Tradeline's Academic Science Buildings 2005 Conference