Tag: Costs
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Construction materials costs rise for third month on tariff pressures
Dive Brief: Construction input prices increased 0.5% in March, while nonresidential input prices climbed 0.6%, both unusually steep jumps, according to an analysis by Associated Builders and Contractors of U.S. Bureau of Labor Statistics data. Both overall and nonresidential input prices are now 0.8% higher than a year ago and sit more than 40% higher…
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Eradicating the common mistake that can lead to higher construction costs
Experts at RNDV, a group of companies with a long-term experience in electrical installation, shipbuilding and complex construction management, say cutting costs for critical competences, such as project management, can lead to costly downtimes and unforeseen situations. It can inflate the budget, causing delays and, therefore, erosion of profits. Kaziulis continues: “Sometimes, to save money…
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Consumer unit replacement costs? What can expect to pay
Knowing how much you are going to have to budget for consumer unit replacement costs is a smart move. If you have an old fuse box that hasn’t been changed in the last 20 or more years, there’s a good chance it will need replacing. It’s crucial that the electrics in your home are up…
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Bathroom Renovation Costs in New York: What to Expect?
The dream of a spa-like sanctuary or a sleek, modern bathroom escape within the bustling confines of New York City remains a powerful aspiration for homeowners. But as 2025 unfolds, transforming that vision into reality requires more than just design flair. Navigating the increasingly complex landscape of renovation costs, particularly in the face of new…
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‘Plan early’ — homebuilders warned building costs are set to rise 12% by 2030
Homebuilders and renovators face a challenging landscape as building costs are set to rise by 12% over the next five years, according to the latest forecast from the Building Cost Information Service (BCIS). With tender prices also expected to increase by 15% and new work output predicted to grow by 19%, those looking to build…
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7 Data Sources That Cut Project Costs and Time
Every project, no matter how big or small, is a race against time. The longer it takes, the less profitable it is. And while shortcuts can save time, they can also lead to accidents. Striking the right balance between efficiency, productivity, profitability and ensuring worker safety is always the goal but recent data shows construction…
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Gordian Data Shows Modest Rise in Construction Costs for 2025
Gordian, provider of data-driven solutions for all phases of the building lifecycle, reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of 4.1% over the past year. This analysis is based on today’s release of 2025 RSMeans Data. While construction materials, equipment and…
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Architects, Engineers See Growth Amid Risks and Rising Costs
As the U.S. construction industry continues to benefit from steady economic growth, most insurers providing architects and engineers (A/E) professional liability insurance are concerned about the persistent effects of inflation on claim expenses, uncertainty about the U.S. economy, higher risk project types and professional design disciplines, as well as new exposures from artificial intelligence (AI). To…
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Walk-in shower costs? How much you can expect to pay
Budget is key for any bathroom remodel and after reading this walk-in shower costs guide you’ll have a much better idea of how much you will have to spend to get what you want. Whatever your shower room ideas, there are a host of components that make up a walk-in shower. It’s not just the…
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Do You Pay Closing Costs When Selling to a Cash Buyer?
You might be wondering if you’re stuck paying closing costs when you sell to a cash buyer. We’ll unveil the ins and outs of closing fees so you know your options. Approaching a cash sale removes financing delays but still raises questions about fees typically handled by mortgage lenders. You want to avoid extra charges,…