Construction Cost

Space Strategies 2015

November 16-17, 2015
San Diego, CA

This conference details new space planning and space management strategies (metrics, policies, processes, technologies, tools, and facility planning concepts) that are delivering major financial, productivity, and work-culture gains in academic, private sector, and government workplaces.

Steady Construction and Labor Demand Drive New Project Costs Above Trend Line

Market Outlook 2014 Q3

Published 10-22-2014

Sustained growth over the past 18 months has pushed new construction prices above the long-term trend line for the first time since 2009, according to third-quarter economic data. Capital construction prices are now trending at an annual escalation rate of 4 to 8 percent, depending on region, with northeastern and southern states showing the greatest increase. Regional labor demand is also driving up project bids in midwestern states.

Giving New Life to Old Facilities

Princeton University Creates Modern Space in an Outdated Lab Building

Published 9-24-2014

Renovating or repurposing older buildings on college and university campuses is a cost-effective, sustainable, and efficient way to modernize or add program space, with the advantages of less time to completion and occupancy, fewer site planning challenges, and preservation of historic campus buildings. This approach also maximizes financial accountability and return on investment in a time of tight budgets and reduced federal funding, which requires academic institutions to depend more heavily on state support and creative funding streams, such as public/private partnerships.

Remodeling Buildings into Modern, Sustainable STEM Facilities

Cost and Energy Savings Can Be Achieved Without New Construction

Published 8-13-2014

With careful planning, institution-wide involvement, and innovative thinking, sustainability goals for science, technology, engineering, and math (STEM) facilities can be met by renovating and remodeling instead of more expensive new construction, without compromising the educational mission.

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.