International Construction Costs 2018

Tackling Costs in the Digital Age

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Digitalization in construction presents an opportunity to improve productivity and reduce cost

Arcadis’ work with construction clients shows that those who invest in digital technologies gain a sustainable competitive advantage. This factor is likely to become more pronounced as economies grow, especially in markets where demand for construction services exceeds the supply of skilled labor.

The latest Arcadis International Construction Costs report details and ranks the relative cost of construction in 50 of the world’s major cities. The regional spotlights in the report identify some of the ways the changing costs have impacted these cities, and shares insights about how cost certainty through digitally enabled techniques can help.

International Construction Costs 2018

Which cities are most expensive for construction?

The relative strength of the U.S. dollar is a key factor influencing the positioning of cities in the index this year. The strong dollar places North American cities higher in the index compared to markets where the domestic currency is relatively weaker against the greenback.

This year we expanded the cities featured in our construction cost comparison to provide a spread of key construction markets around the world. New to the comparison are eight cities in the United States and Toronto in Canada, representing six of the top 10 cities. Australia’s Brisbane and Sydney have also been added, along with three cities in India.

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