This month we wanted to take a moment to look at the construction economics presented by ENR for the week of May 25, 2016. One of the biggest and most frequently asked questions we get as a general contractor is, “Are the prices of construction going up?” While that is a loaded question, it boils down to the cost of materials.
As a GC, we are constantly researching the costs of building supplies to make sure that our prices are the best. One of the outlets we rely on most is the weekly ENR Construction Economic report. (See Below.)
This weeks report indicated an average overall increase in costs by 3%. Based on ENR’s calculations, this increase in cost is due to the rise in price for asphalt, concrete and cement.
For more information, check out the full report at www.enr.com/topics/604-construction-economics.