Day: February 14, 2020

RLB: Construction costs rise 1.2% in Q4; up 5.2% YOY

Working with the twelve markets that quantity surveyor and development consulting agency Rider Levett Bucknall tracked in its fourth quarter 2019 North The usa Quarterly Building Charge Report, U.S. development costs rose an common of 5.two% from Oct 2018 to Oct 2019. The common maximize in development costs between the 3rd and fourth quarters of 2019 was one.two%.

Marketplaces coming in higher than the 12 months-above-12 months common were:

  • San Francisco (7.eight%)
  • Chicago (6.three%)​
  • Honolulu (6.two%)
  • Seattle (6.two%)
  • Washington, D.C. (6.two%)
  • Portland (5.eight%)​

Metros areas coming in beneath the common were:

  • Phoenix (5%)
  • Las Vegas (4.eight%)
  • Denver (4.three%)
  • New York
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Skanska-Corman-McLean JV to start $463M Maryland bridge

Dive Brief:

  • The Maryland Transportation Authority (MDTA) has picked the joint venture staff of Skanska, Corman Kokosing Development and McLean Contracting to layout and build a new $463 million bridge over the Potomac River connecting southern Maryland and northeastern Virginia. AECOM is the project’s guide designer.
  • Development will start out next thirty day period on the one.9 mile-long, 4-lane bridge over U.S. Route 301 that will substitute the Governor Harry W. Wonderful Memorial/Senator Thomas “Mac” Middleton Bridge, which is applied by about eighteen,000 vehicles day-to-day. The 12-foot-broad lanes with two-foot shoulders will double capacity and boost protection, improving emergency reaction
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Bond Wolfe kicks off the year with its biggest catalogue yet | News

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