Construction cost forecast and timing decisions for higher education capital projects

Mounting pressure on construction costs will impact all higher education facility projects on the drawing boards, both new construction and renovations. Attend this session to get better pricing and more accurate budget figures for cost escalation in the post-pandemic economy, and better understand construction cost drivers for different academic programs. Session leaders deliver up-to-date construction cost forecasts based on employment data, 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.