Rising Construction Costs
By: CocoAppleStore
Just recently, my group conducted an impromptu survey of a small number of facility managers. The questions focuses primarily on construction costs.
There was no agreement among this bunch, largely due to the very diverse backgrounds of the respondents, they are spread across the country as well as various industry segments. Some of them lamented that the continuous cost increases of construction materials affects development projects, while some reported that costs had gone down. After the first category, a facility executive observed that one of his projects came in 15 percent under budget about a couple of months ago, while bids on newer projects were also about 15 percent below budget.