Construction Cost

Breathe New Life into Aging STEM Buildings

Innovative Reuse Begets Innovation

Published 3-9-2016

STEM facilities built in the 1960s and 1970s aren’t up to hosting today’s science, and universities across the nation are wrestling with the question of how best to move forward. Building a new science facility isn’t always an option, due to funding limitations, insufficient swing space, or lack of administrative or political support. Fortunately, in-place transformation projects can often deliver a revitalized STEM environment for a significantly lower cost, if you begin with a solid roadmap, evaluate the building’s “bones,” and don’t underestimate your power to transform a building.

Robust Economic Growth and Increased Demand for Labor Drive Strong End to 2015

Market Outlook 2015 Q4

Published 2-17-2016

The U.S. economy continued growing at a healthy rate in 2015, adding approximately 221,000 jobs per month over the year. Wage and profit increases in the construction sector are expected to pull new entrants into the labor force with some restructuring from other sectors of the economy, for example energy and exports. Construction prices increased nationally, trending toward 8 percent, depending on location.

Construction Costs

Continuous Mission Alignment with Facility Design Prevents Operational Failures

Transitional Services Keep Everyone on Track

Published 1-20-2016

Complex technology, expanding program, and increasingly specialized and segmented roles and responsibilities often create a disconnect in the process of designing and building sophisticated facilities. The result can be a research or diagnostic lab or high-containment animal building that becomes a burden to the owner, whether because it hasn’t been right-sized, is not energy efficient, or operates with sub-par reliability. The solution is to assign someone the task of aligning design decisions with the building’s ultimate scientific mission.

Reduced Energy and Commodity Prices Help Fuel Construction Growth, Driving Cost Escalation Regionally

Market Outlook 2015 Q3

Published 10-28-2015

Decreases in energy and commodity prices have driven growth and pricing increases in the non-residential construction market and other sectors of the economy. Year-over-year non-residential construction growth is currently at 25 percent. Combined with a total volume growth of 17 percent in 2014, the sector is approaching a 52 percent rebound in spending from its most recent bottom. Price increases for 2015 are trending toward 8 percent, depending on location.