It’s that time of year again! Annually, ICI publishes the predicted rate of construction cost escalation for the coming year, authored by Vice President of Preconstruction Marc Poskin: When planning a future construction project, factoring in cost escalation is vital…
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Many building owners, developers, and public entities want to know what their project might cost in the future. Cost escalation is the study of providing an educated percentage to be added to the base cost of a project estimated at…
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