Construction Cost Escalation

Planning and management strategies.

Published July 2006 What percentage of cost escalation can you expect in the future?

Cost escalation of 4-5% per year is a reality that will be with us for the foreseeable future.  Failure to plan for it is likely to stop your projects. In a cost-escalation market, time is of the essence.  Spend time up front to install a fast decision-making process or you risk running out of money before completion. You can cut 25-30% of the normal project delivery cycle and avoid a 15% cost-escalation premium by employing business-case planning for capital programs.

- From Tradeline’s Science Buildings Canada 2006 Conference

Discover solutions for managing construction cost escalation.