RE: cost escalation on building materials?
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Does anyone know of a source for statistics about historical construction costs or projections into the future on building and construction?
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sweets?
http://products.construction.com/portal/server.pt
for the last few years it's been around 9% to 10%
yeah I know... ouch...
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Thanks Kris,
Is this a pay per use with sweets, I will have a look.
Is Engineering News Record a good source? Just looking for alternatives. -
I'm not sure... I have the 2004 CD set from sweets... I'm not a standard subscriber...
and I'll have to look up that journal...
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This is a good talking point for quantity surveyors, however as a design/builder there are many issues that come into play here.
I was recently looking through 'Means Contractors pricing guide' and they made a few predictions in 2004 about costs escalating at about 4% over the next few years, then Katrina hit the gulf states and in 2005-2006 those numbers jumped 11% due to shortage of materials. So I would work with 7-9% as a rule of thumb.
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Kris, you are perfectly right about the 10% increase in constructions costs. Its the Chinese and Indian economies putting up all those new buildings. Maybe better to get out of buildings and into Commodities Investment Rolling Eyes
Mike
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