Construction Cost

Built On Vision released a cloud-based construction schedule calculation engine in August of 2018. The project management software utilizes a proprietary smart algorithm that resolves a problem of similar applications related to imprecise time unit measurements. Instead of using only the hour or the day as the calculation base, Built On Vision allows users the ability to shape schedule unit fraction behavior so that event sequences can be accurately understood and planned for, enabling greater project delivery optimization, as well as legal defensibility.

The University of Toronto opened the Myhal Centre for Engineering Innovation and Entrepreneurship in September of 2018. Designed by Montgomery Sisam Architects and Feilden Clegg Bradley Studios, the CAD$200 million project features a four-story atrium, TEAL classrooms for technology-enhanced active learning, design studios, fabrication and prototyping facilities, and a 468-seat auditorium.

Vertex Pharmaceuticals opened a 170,000-sf R&D facility in San Diego in June of 2018. Although over 70 percent of the Torrey Pines center is dedicated to research, the project also features a 4,000-sf business incubator suite and a 1,500-sf learning lab for STEAM programs in science, technology, engineering, arts, and mathematics. Alexandria Real Estate Equities oversaw construction of the leased site, which has attained LEED Gold sustainable design certification.

UpCodes released a software plugin in June of 2018 that checks BIM models for code compliance errors. UpCodes AI allows code errors to be viewed in real time in Revit, enabling project timelines to be accelerated through shortened internal code review and the creation of more accurate drawings, thus reducing the number of revision cycles before approval. Regulations are sourced directly from municipalities in 27 states and are updated continuously. UpCodes is based in San Francisco. 

The Pennsylvania State University celebrated the opening of the 93,500-sf Agricultural Engineering Building in June of 2018 in University Park. The $44 million project included a 16,000-sf renovation of the historical front section of the structure, demolition of the remainder of the building, and approximately 77,000 sf of new construction.

NYU Langone Health opened the Helen L. & Martin S. Kimmel Pavilion and the Hassenfeld Children’s Hospital in June of 2018 in New York. The 21-story, 830,000-sf Kimmel Pavilion provides 374 private patient rooms, 30 surgical rooms, a conference center, and an outdoor roof terrace. The facility offers acute and critical care services in neuroscience, hematology–oncology, cardiothoracic care, and bone marrow and solid organ transplantation.

Global Switch, a leading owner and operator of advanced data centers in Europe and Asia-Pacific, will implement modular construction methodologies in the delivery of its $209 million Singapore Woodlands facility. Gammon Construction, a joint venture of Balfour Beatty and Jardine Matheson, will precast 70 percent of the structure offsite, as well as using Building Information Modeling (BIM) in the delivery of the project.

Vermeulens has released its market outlook report for the first quarter of 2018. Key points include:

The University of Washington broke ground in April of 2018 on the $230 million Population Health Building in Seattle. Designed by The Miller Hull Partnership to promote interdisciplinary collaboration, the 290,000-sf facility will house the Department of Global Health, the Institute for Health Metrics and Evaluation, and a portion of the School of Public Health. The project is being constructed using a Progressive Design-Build (PDB) delivery method with Lease Crutcher Lewis as construction manager.

A new approach to the design of diagnostic labs in resource-constrained settings reduces risk and improves outcomes while accelerating the project timeline and lowering costs. The approach is based on the concept of One Prototype, which uses similar design modules as a starting point for each lab facility, whether new construction or renovation, no matter what the scale.

GlaxoSmithKline (GSK) is expanding its campus in Barnard Castle in the United Kingdom with the construction of a $130 million liquid biopharmaceuticals production plant. The 124,000-sf aseptic sterile facility will make injectable liquids for the treatment of respiratory and autoimmune diseases and is slated for completion by November of 2019. Building Information Modeling (BIM) and offsite construction methodologies are being implemented in the delivery of the project, which includes the specification that the building can be replicated anywhere in the world.

Vermeulens has released its market outlook report for the fourth quarter of 2017. Key points include:

Los Angeles Community College District (LACCD) has mandated that Building Information Modeling (BIM) be implemented in the final phase of its $9 billion construction program. LACCD, which is the largest community college district in the United States and comprises nine colleges, is also targeting net-zero energy consumption in the sustainable development of its extensive portfolio.

The American National Standards Institute published APPA 1000-1 in January of 2018, creating the first national standard for Total Cost of Ownership (TCO) in the United States. The standard identifies and defines the foundational elements and the structure required to implement TCO principles for facilities. It is essential that the entire cost of purchasing and owning a building through its lifetime is understood by all stakeholders, especially before finalizing design plans for new construction.

Vermeulens has released its market outlook report for the third quarter of 2017. Key points include: