• In the News
  • May 10, 2017

Managing Construction Costs in Expensive Markets

New York City – May, 10, 2017 - If you can afford to build it in New York City, you can afford to build it anywhere else for less. The Big Apple remains the costliest construction market in the world, followed by Hong Kong, Geneva, and central London, per Arcadis’ 2017 International Construction Costs Report. David Hudd, Arcadis cost consultancy expert, advises how to manage project costs in expensive markets in a conversation with The American Society of Civil Engineers (ASCE). 

In high-cost construction markets where prices are rising, Hudd says, breaking up a project into parcels so that some of the work can begin earlier can help reduce costs. Likewise, procuring materials or entering into price agreements with vendors early in the project can be a hedge against commodity price increases.

Read David’s conversation with ASCE here - http://bit.ly/ASCE_ICC

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