Construction cost forecast and timing decisions for research facility capital projects

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. James Vermeulen and Mike Khatib deliver construction cost forecasts based on economic conditions, commodity prices, and cost data from more than 100 projects. Using analyses of equities, GDP, and construction labor markets, they illustrate what to expect for construction pricing on a regional basis for the next two years. They profile what organizations are doing to develop bid and purchasing strategies that lock in costs and reduce risk.

Occurs: 
Monday, October 12, 2020 - 2:20pm-3:15pm