The global recession’s vise grip on construction costs is starting to loesen in several countries, according to the London-based international project and cost-management firm Gardiner & Theobald Inc. The nineteenth annual survey of costs is conducted exclusively for Engineering News-Record. G&T surveys its 51 offices and affiliates worldwide. Related Links: Forecast: A Weak Recovery Checks Inflation Confidence Index: Heads of Major Firms Believe Market Is Nearing Stability Equipment: Why Few Are Debating the New Federal Fuel Economy Rules Lumber: Chinese Demand Props Up Prices Asia: Overseas, Inflation Creeps Back Complete Report Of the 28 countries reporting building cost inflation through
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.