6 Interesting Insights About the Impact of COVID-19 on Facilities
In partnership with Facility Executive, read how the pandemic has impacted the funding and completion of construction projects.
Blog: Trends And Insights
What the Data Says: Emerging Cost Increases of Interior Finishes
Our data experts have been monitoring construction costs for decades, tracking price fluctuations impacted by response to public policy, concerns about infrastructure or the effects of the pandemic and natural disasters. We examine the long-term cost trends of the industry’s most vital materials. In this edition of What the Data Says, we examine the continued cost increases of interior finishes.
What the Data Says: Structural Steel Costs Volatility
In this edition of What the Data Says, we’re taking a look at the extraordinary rise in structural steel costs. Over the past several months, we have become accustomed to volatility in this commodity’s pricing but the latest increase is unprecedented. The price of structural steel has increased 91% since the last quarter of 2020, rising 45% in the past quarter.
The Importance of Quarterly Construction Material Cost Updates
There’s a common notion in the industry that estimators can take last year’s price for a given material and add a couple percentage points to account for any increases. But there are two issues with this mindset – issues that are solved by quarterly construction material cost updates.
The Importance of Capital Planning During COVID and How to Achieve Accurate Facilities Assessments
The COVID-19 pandemic has drastically shifted priorities for many organizations. Find out how our VFA software and facilities expertise can help with capital planning during COVID.
5 Critical Insights on Federal Cost Overruns
Here are five key talking points on Federal cost overruns given by Federal construction experts from the private, non-profit and government sectors.
7 COVID Precautions to Build into Your Construction Estimates
Principle Engineer Bob Mewis highlights the seven primary infectious disease/COVID precautions that impact labor cost and the additional raw materials needed on job sites. Read the blog for insights on how construction estimates can be built to account for cost changes due to COVID-19, the impacts social distancing could have on project timelines and how new technologies can combat productivity loss.
The Problem of Inconsistent Data in Construction
Inconsistent data in construction is a key problem facing the industry, preventing an acceleration of technology innovations. Lets explore the causes of this problem, including disjointed data sources, non-communicative systems and workflow processes.
COVID-19: 4 Disruptions to Public Construction
Read this blog post for an overview of four disruptions to public construction projects due to COVID-19 and one way to curb them.
Cost Breakdown: 4 Reasons Stainless Steel Costs Substantially More in 2020
Stainless steel prices grew 7% from 2019 to 2020. Here are four factors attributing to the recent rise in stainless steel costs.
