Construction cost forecast and timing decisions for university capital projects

James Vermeulen, PQS, LEED AP, Construction Economist
Managing Principal
Vermeulens, Boston, MA

Vikrant Parikh
Senior Project Manager
Vermeulens, New York

Mounting pressure on construction costs will impact all higher education projects on the drawing boards, both new construction and renovations. Attend this session to get better pricing and more accurate budget figures, and better understand construction cost drivers for different academic programs. James Vermeulen and Vikrant Parikh deliver up-to-date construction cost forecasts based on the latest employment data, government spending trends, commodity prices, and cost data from more than 100 projects. Using analyses of equities, GDP, and construction labor markets, they illustrate regional construction pricing targets for the next two years and demonstrate bid and purchasing strategies that lock in costs and reduce risk. 

Session Identifier: 
Forum J
Occurs: 
Tuesday, May 5, 2020 - 8:05am-9:00am
Continuing Education
AIA CES Units: 
1.00
HSW Units: 
0.00