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How Cost Estimators have fun!
I spent a few minutes looking back at the last 4 years of construction cost inflation. Ah the good old days. The first chart below is...
chris
Apr 4, 20241 min read
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Escalation - Is the dread beast on the way back?
Yes, I know it’s a little bit of a click-bait, but after a several months of declining construction cost escalation, (often close to zero...
chris
Jul 11, 20232 min read
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Construction cost inflation is getting boring again...
Now what am I going to write about? Greater market inflation continues to struggle several points above the FED's preferred 3% target,...
chris
Apr 25, 20232 min read
44 views
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Inflation in construction versus the CPI – Right Now.
Interesting study in how data can mislead, or fail to provide complete information: The rate of inflation, both in the greater economy as...
chris
Jan 9, 20232 min read
251 views
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What’s next in Construction Escalation?
After a few years of insanely bad news for construction costs – 20% annual inflation, supply chain disruptions, and lead times longer...
chris
Dec 14, 20222 min read
48 views
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Top of the Market to you!
Frequently conversations regarding construction cost these days contain the phrase – “How much higher can it go?” It does seem as if...
chris
Aug 9, 20221 min read
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How bad is it out there?
Digging around in the data vaults of the FED, just a quick look at the annual (trailing) change in construction jobs since 1940 – The war...
chris
Aug 9, 20222 min read
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CPI Versus Construction cost increases
It’s in all the news, inflation is back. Construction firms have lived with inflation all along – when your margin is 3%, and...
chris
Jun 21, 20222 min read
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Is Amazon leading the way to construction de-escalation?
An article by Joe Gordon for Bisnow in San Francisco, discusses the state of the market in warehouse space, at least as far as it relates...
chris
May 23, 20221 min read
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Death and Taxes
To quote Ben Franklin, and others, “in this world nothing can be said to be certain, except death and taxes”. For 2022, you might want...
chris
Mar 29, 20222 min read
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What is going on in the pre-engineered building (PEMB) marketplace!
Careful with your Value Engineering! Reports from manufacturers indicate 50 week or longer lead times, and pricing at double or more of ...
chris
Oct 26, 20211 min read
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What does a drought in Brazil have to do with the price of construction in Philadelphia?
Bloomberg has a feature story about the drought in South America and trivializes the impacts with the lede “No country on Earth puts more...
chris
Sep 28, 20212 min read
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What’s going on in Residential?
During the pandemic, almost every discussion about how busy the markets are, has had one large footnote: Residential is going...
chris
Sep 22, 20212 min read
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Material Escalation – Big actors in late 2021
I hear lots of talk in the marketplace about escalation, anecdotes about troubled buy-outs, supply delays and general chaos. Anecdotes...
chris
Sep 16, 20212 min read
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Be like the bug - Coronavirus strategies for construction
The virus has some strategies that make it a fearsome competitor. Are any of these strategies useful for our industry? 1) Strike...
chris
Sep 16, 20212 min read
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Construction Inflation May 2021 - "It's Baa-ak!"
So far this week, (it is Tuesday as I write this), I have had 3 in-depth conversations about construction inflation. Topics ranged from...
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May 26, 20214 min read
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Lumber throwing a wrench in construction budgets!
COVID, and a massive increase in demand for residential housing is having a new impact in the industry - I've heard multiple anecdotes...
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Apr 26, 20212 min read
28 views
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Good news on construction jobs tempered by harsh realities
ENR https://www.enr.com/articles/51519-construction-jobs-jump-by-110000-in-march?oly_enc_id=3536I0798201B9X notes a nice bump in...
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Apr 7, 20212 min read
17 views
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COVID and Renewable Energy - What happened?
What happened with renewable energy while we’ve all been cocooning in our respective Covid pods? The big picture is that total energy use...
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Apr 5, 20212 min read
12 views
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How Bonding Surety firms drive construction staffing.
It may seem unlikely, but one major factor in construction manager staffing is the requirements that surety firms place on construction...
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Dec 16, 20202 min read
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