Construction Costs Fueled by Materials & Labor

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Construction Costs Fueled by Materials & Labor

Keep up with the latest from CCR-Mag.com

Fill out the form Below

Turner Construction Company announced that the First Quarter 2022 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—had increased to the value of 1255. This represents a 2.03% quarterly increase from the Fourth Quarter 2021 and a 7.08% yearly increase from the First Quarter 2021.

“Overall Supply Chain stability and the ‘return-to-normal’ state has not yet been established. Some key materials continue to be in short supply due to supply chain disruptions in manufacturing and computer chip shortages. Higher transportation costs are due to the rising price of gasoline and diesel fuels,” said Attilio Rivetti, the Turner vice president responsible for compiling the Cost Index. Rivetti continued, “We see alternative means of construction on the rise such as prefabrication and modular solutions that offer work environments that appeal to the labor workforce entering our industry. Our experience has shown that offsite construction can also result in gains in efficiency of installation, as well as potential reductions to project durations.”

Turner has prepared the construction cost forecast for more than 80 years. The building costs and price trends tracked by the Turner Building Cost Index may or may not reflect regional conditions in any given quarter. The Cost Index is determined by several factors considered on a nationwide basis, including labor rates and productivity, material prices and the competitive condition of the marketplace. This index does not necessarily conform to other published indices because others do not generally take all of these factors into account.

About Turner Construction CompanyOur vision is to be the highest value provider of construction services. We deliver our services on complex and challenging building projects of all types and sizes throughout North America and in 30 countries around the world. We seek to make a difference in the lives of people, clients, and communities. We have earned a reputation for integrity, working safely, and driving innovation. The firm is a subsidiary of HOCHTIEF, one of the world’s leading international construction service providers.

For more information, please visit https://www.turnerconstruction.com.

 

Events

Read more BELOW

 

The 2024 virtual Men’s Round Table will be held Q4, 2024, date TBD.

2024 Virtual Men’s Round Tables

2023 Virtual Men’s Round Table was held on November 7th, 2023 via Zoom.


 

2024 Virtual Women’s Round Table

2023 Women’s Round Table #1 was held on October 20th, 2023 via Zoom

News

Women of the Vine & Spirits Foundation awards 33 scholarships

With a philosophy that education is a cornerstone of career advancement, the Women of the Vine & Spirits Foundation has awarded $863,545 in scholarships since its inception in 2017. Providing scholarships to support educational and professional development, the non-profit continues to propel its mission of cultivating and

Supplements/Podcast
See Website for Details

This content (including text, artwork, graphics, photography, and video) was provided by the third party(ies) as referenced above. Any rights or other content questions or inquiries should be directed such third-party provider(s).

Receive the CCR 2024 Idustry Report

Get ahead of your Competitors with CCR's FREE Industry Insider's Report 2024!

Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry. 

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page