Sources: American Society for Concrete Contractors, St. Louis; CP staff The American Society of Concrete Contractors’ 45th Position Statement, “Managing Concrete Projects: Concrete/Steel Price and Delivery Volatility Risks,” provides a contractor’s point of view for architects, engineers, owners and other contract stakeholders contending with current supply chain volatility.
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Escalating material prices, interest rates cloud 2020 market
Source: Associated Builders & Contractors, Washington, D.C.
ABC Chief Economist Anirban Basu tells members in his mid-year outlook that the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, owing to a rapid rise in interest rates and materials prices.
Read MoreMaterials cost data provider applies analytics to predictive project pricing
Sources: Gordian Co., Greenville, S.C.; CP staff
Gordian has added Predictive Cost Data to its RSMeans Online service, citing the technology’s potential to deliver accurate, location-specific figures for more than 100 different types of construction projects up to three years out. With a few clicks, it delivers the cost of materials in a specific region during a particular quarter, helping users prioritize project timing and location.
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