Tag: Costs
-
New steel, aluminum tariffs will push construction costs higher
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. New tariffs on foreign steel and aluminum will raise construction costs further, adding to price spikes triggered by an initial 25% tariff on the materials earlier this year, according to a June 3 industry webinar hosted by…
-
Heated driveways: Pros, cons costs and types
A heated driveway might sound frivolous, but growing numbers of Brits are catching on to this internationally established driveway idea. It works like underfloor heating, with a system of electric mats (or less commonly, water pipes) delivering heat to the driveway surface. The purpose is to melt snow and ice, ensuring the driveway remains passable…
-
Rising wage costs are eating into construction’s margins
The industry’s persistent skills shortage is pushing wage inflation while also thwarting project delivery, writes Nitesh Patel. Wages in construction are rising at a faster pace than across the wider economy. The Office for National Statistics (ONS) reported that average weekly earnings in the industry accelerated to 7.5% in the year to February, from 6%…
-
The 8 driveway mistakes to avoid at all costs
Your driveway plays a huge role in the overall kerb appeal of your home and, as such, you want to steer clear making any common driveway mistakes if you want it to help create a good first impression. At the same time as having the potential to enhance the appearance of your house, your driveway…
-
Gordian Reports Concrete Construction Material Costs Holding
It seems everything is more expensive. Eggs, for one easy example. Practically everything else in the grocery store. In construction, the fluctuating price of materials seems never to favor the contractor. Even concrete, the annual perspective according to Gordian, says that the price of concrete is up 0.84 percent from Q2 of 2024. In their…
-
Developers can seek historic safety remediation costs after landmark ruling
The Supreme Court has upheld a ruling that structural engineers owe “a duty of care” to developers for economic losses arising from negligent building safety design, even after the properties are sold. In a unanimous judgment, the Supreme Court yesterday (21 May) dismissed an appeal by URS Corporation Ltd (now part of Aecom) and ruled…
-
Construction costs dip, but tariffs hike some materials’ prices
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction input prices decreased 0.1% in April compared to the previous month, while nonresidential construction costs continued their upward march and rose 0.2%, according to an Associated Builders and Contractors analysis of U.S. Bureau of…
-
Material Choice Matters: Hidden Costs of Cutting Corners
In construction and commercial design, timelines, and budgets often take centre stage. Understandably, project managers and developers look for ways to stay on track and reduce costs. But one area where shortcuts can quietly backfire is material selection. What may seem like a minor compromise at the procurement stage can snowball into a cascade of…