Construction costs rose 7.4% annually in July

Contractors will still likely face additional input price jumps in the months ahead, especially as fuel and other materials prices swell, according to economists.

Diesel drop keeps construction costs stable — for now

Construction costs have remained broadly stable for the second month in a row, with the latest QV CostBuilder update showing minimal movement across key rates in July. Diesel prices fell sharply month-on-month, down 20.7% in the latest update, helping to reduce costs in fuel-intensive areas of construction work — especially excavation (-4.5%), which recorded the […] The post Diesel drop keeps construction costs stable — for now appeared first on Building Today.

Geneva still most costly city to build in, with two UK cities in top 10

Dutch construction engineer Arcadis has named the Swiss city of Geneva as the world’s most expensive city to build in in its annual index comparing construction costs in 100 major… The post Geneva still most costly city to build in, with two UK cities in top 10 appeared first on Global Construction Review.

Construction costs dropped in June, will likely tick up again

A brief respite in fuel prices caused construction input costs to drop in June. But the recent escalation in the Iran war will likely drive them back higher. 

Government agency downgrades confidence in ability to deliver cladding remediation programme

NISTA says worries have increased because of capacity issues and rising construction costs

What are the most common methods for estimating construction costs?