Construction Cost

Strategic Facility and Space Planning for Science and Research

April 20-21, 2015
Scottsdale, AZ

The new wave of strategic planning for science and research facilities involves decision-making on everything from facility modernization and expansion, asset allocations, new standards for research work environments, competitive and economical science teaching spaces, and efficient and flexible infrastructure, to new models for operating costs, economic capital investments, and profitable institutional alliances and partnerships.  At this conference you’ll learn how new strategic plans for science and research facilities are successfully being developed and implemented to address these top strategic planning issues.

Institutional Construction Costs Return to Trend Line as Economic Growth Stabilizes

Market Outlook 2014 Q1

Published 7-30-2014

Data from first quarter 2014 shows a steady increase in construction labor utilization for the first time since 2007.  The latest figures show a year-over-year increase in construction employment in all but five states. However, non-residential construction spending remains sluggish at an average growth rate of 4.6 percent since the bottom in 2011. Forecasts call for a continued dollar volume growth of approximately 8 percent for 2014, which will build on the 4 percent increase in 2013.  

Multi-Tenant Building Fosters Biomedical Economy in El Paso

Public and Private Interests Unite for Research and Economic Development Opportunity

Published 7-23-2014

A multi-tenant biomedical research and laboratory building is poised to become a powerful economic driver in El Paso, Texas, thanks to an innovative public-private partnership between the Medical Center of the Americas (MCA) Foundation, the City of El Paso, and a diverse group of investors and committed tenants. Construction has not yet begun on the building, called the Cardwell Collaborative, but key stakeholders—such as the city’s public health department, Texas Tech University, and the University of Texas at El Paso—have already snapped up master leases.

Rebounding Markets Drive Increased Near- to Mid-Term Institutional Construction Costs

Market Outlook 2013 Q4

Published 4-9-2014

End-of-year data from 2013 indicates that residential construction is on the rebound, with more than 1 million housing starts occurring in the fourth quarter. This is the first quarter that residential construction broke the 1 million mark since 2008. As a result, the national unemployment rate in the construction sector finally broke 10 percent at the end of 2013.

Lab Flexibility Pays Off for University of Alaska Fairbanks

Cost Reduction and Space Efficiency Key to Creating Science Community

Published 4-9-2014

The 101,800-gsf, $88.6 million Margaret Murie Building at the University of Alaska Fairbanks is the capstone project of a new life sciences district designed to accommodate a boom in graduate students and research grants in the life sciences. The research and teaching facility, featuring a flexible laboratory design and a new shared-space culture, replaces UAF’s legacy biology facilities with 60 percent overall space efficiency and more than 80 percent year-round utilization of teaching spaces.