Next Step Guide - Managing construction cost escalation

Practical strategies for managing construction cost escalation

It’s harder than ever to estimate and forecast changes in construction costs. Especially with growing inflation, impacted supply chains, geopolitical challenges, reduced access to materials, and up-ended scheduling.

But while projects need to cope with more uncertainty, the consequences of large discrepancies between early estimates and final costs are grimly predictable: deflated margins, canceled projects, even bankrupt developers.

In this guide, we will cover:

• How to leverage your pro forma as a dynamic tool to monitor costs and manage risks

• How to properly assess construction cost escalation by asset type, trade and market

• How to build trusted relationships with project partners