Construction Cost Forecast and Timing Decisions for Capital Projects

James Vermeulen, PQS, LEED AP
Construction Economist, Managing Principal
Vermeulens Boston

Blair Tennant, LEED AP, Construction Economist
Associate Principal
Vermeulens, San Antonio

Mounting pressure on construction costs will impact all science facility projects on the drawing boards, both new construction and renovations. Attend this session to get better pricing and more accurate budget figures, and better understand construction cost drivers for different academic science programs. James Vermeulen and Blair Tennant deliver up-to-date construction cost forecasts based on government spending trends, commodity prices, and cost data from more than 100 projects. Using analyses of equities, GDP, and construction labor markets, they illustrate regional construction pricing targets for the next two years, and demonstrate bid and purchasing strategies that lock in costs and reduce risk.

Session Identifier: 
Forum K
Occurs: 
Thursday, November 16, 2017 - 2:20pm-3:15pm
Continuing Education
AIA CES Units: 
1.00
HSW Units: 
0.00