COVID-19 Response | Contact | Employee Login Careers Expertise Projects News Community About Us Articles in Mechanical Construction Cost Index Hermanson Construction Cost Index - Q3 2021 Sep 16, 2021 | Source: Hermanson Marketing Mechanical Construction Cost Index Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. Hermanson’s Estimating team has long tracked key construction cost indicators as part of our continuous effort to provide accurate costing information. Now, every quarter, we are publishing a basic Mechanical Construction Cost Index to help our clients understand mechanical market conditions and to plan their projects. After jaw dropping increases in the first two quarters of 2021, the mechanical market has stabilized in Q3 with a slight drop in the project costs from an all-time high in Q2 of 2021. Supply... Read More Hermanson Construction Cost Index - Q2 2021 Jun 11, 2021 | Source: Hermanson Marketing Mechanical Construction Cost Index Hermanson's Estimating Department began tracking mechanical construction cost indicators in 2017 to share quarterly with the AEC community. Based on costs to complete a comprehensive, representative PNW region project, this information assists general contractors, developers, and owners make informed decisions about project costs. After posting the highest gain recorded since 2017 in Q1 2021, the construction cost index continued to rise in Q2 2021 at a quarter-over-quarter increase of 12.1%. This brings the total incurred cost increases for 2021 so far to 25.5%. These increases are being felt across the county. Hermanson is in regular contact with a Peer Group made up... Read More Hermanson Construction Cost Index - Q1 2021 Apr 1, 2021 | Source: Hermanson Marketing Mechanical Construction Cost Index Hermanson's Estimating Department works to compile the factors that influence quarterly mechanical construction costs and pass that information along to our clients (including general contractors, developers, and owners) to help them understand and plan for possible cost impacts to their projects. Hermanson’s Mechanical Construction Cost Index is based on a comprehensive, representative PNW region project. A complete estimate for this baseline project was completed in Q4 2017 and is updated with current pricing each quarter. In 2020, economic impacts of COVID resulted in a year-over-year decrease, however that trend has reversed, and Q1 2021 saw a quarter-over-quarter increase of 13.4%. FACTORS: Significant commodity... Read More Hermanson Construction Cost Index - Q4 2020 Dec 3, 2020 | Source: Hermanson Marketing Mechanical Construction Cost Index Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. Hermanson’s Estimating team has long tracked key construction cost indicators as part of our continuous effort to provide accurate costing information. Now, every quarter, we are publishing a basic Mechanical Construction Cost Index to help our clients understand mechanical market conditions and to plan their projects. Hermanson’s Mechanical Construction Cost Index is based on a comprehensive, representative PNW region project. A complete estimate for this baseline project was completed is Q4 2017, and is updated with current pricing following the end... Read More Hermanson Construction Cost Index - Q3 2020 Sep 4, 2020 | Source: Hermanson Marketing Mechanical Construction Cost Index Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. Hermanson’s Estimating team has long tracked key construction cost indicators as part of our continuous effort to provide accurate costing information. Now, every quarter, we are publishing a basic Mechanical Construction Cost Index to help our clients understand mechanical market conditions and to plan their projects. Hermanson’s Mechanical Construction Cost Index is based on a comprehensive, representative PNW region project. A complete estimate for this baseline project was completed is Q4 2017, and is updated with current pricing following the end... Read More NEXT 5 ARTICLES CATEGORIES Company News Women of Hermanson Foreman Focus Friday GoPro for a Day Community Involvement Mechanical Construction Cost Index ARCHIVE 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 COVID-19 Response | Contact | Employee Login | Sitemap © 2021 Hermanson Company LLP.