Construction cost forecast and timing decisions for science and engineering capital projects

What should owners budget for cost escalation in the post-pandemic economy? What are effective ways to procure projects in a post-pandemic market? Mounting pressure on construction costs will impact all research projects on the drawing boards and in the pipeline. Attend this session to see new pathways to better pricing and more accurate budget figures. The Vermeulens team delivers construction cost forecasts based on economic conditions, commodity prices, and cost data as the pandemic-induced recession comes to an end. They profile what organizations are doing to develop bid and procurement strategies that strategically minimize exposure to construction escalation.