Tag: costs

Construction Processes, Financial

A new platform offers a solution to construction cost overruns

January 2, 2018


The Bonita Springs (Fla.) High School will cost $14 million more than its original $50 million to complete. Rising costs of construction materials and labor are driving this overrun. New York City’s School Construction Authority is over budget on more […]

Construction Processes, Financial

Hotel industry, others see spike in construction labor costs

April 14, 2017

Via: Commercial Construction and Renovation

Hotel developers are working to offset the rising cost of construction labor, driven by the latest post-recession building boom. Sources said that while prices for raw materials have seen relatively stable growth in recent years, a shortage of skilled labor […]

Construction Techniques

U.S. hotel development on the rise

October 17, 2016

Via: Commercial Construction and Renovation

Construction cost data for new projects was collected in 2015 in order to form the basis of the mean and median of the construction cost components. Data derived from published sources and industry indexes, as well as information obtained from […]