2023 Construction Cost Data

Industrial/Commercial Construction Cost Data

Compass International, Inc. is a professional commercial construction cost estimating and consulting firm established in 1992 to provide services to Owners, Financial Institutions, Design Professionals and Construction Organizations.

Compass International services include the publication of eight annual Industrial and Commercial construction cost databases, project and construction management, estimation reviews, audits, and validation services, as well as value engineering, strategic planning, and in-house training for up to 25 mid-senior level staff.

GLOBAL CONSTRUCTION NEWSLETTER

Q1 2023

The US Construction sector is performing reasonably well at this time, despite global turbulence. However, with inflation remaining high at + 7% and fuel/energy and household goods increasing, plus an impending recession a month or two away, the 1st Q of 2023 does not look good for the US construction sector.

Unfortunately, US oil reserves continue to fall, and the ongoing war continues in Ukraine.

Increasing borrowing/interest rates is a direct challenge to the US construction sector, especially the home building/housing sector.

It’s not all bad news; construction-related inflation is projected to decline to pre-COVID levels as energy/oil and consumer prices even out.

Construction of Fulfillment Centers, EV Battery Facilities, Computer Chip Manufacturing, Logistics/Warehouses, and Data Centers will continue to be an area of construction growth due to the continued need for at least the next 2 to 3 years.

FREE RESOURCES

Free Estimating Templates

This real-world cost data format will help you in your estimating efforts. Check back regularly as we update these every few months!

The Compass International products are without compare in the engineering and construction world. I have referred to them for many years with confidence as one element of benchmarking and estimate validation practice. You can never get enough data and information. John K. Hollmann ,PE CCP CEP DRMP - Owner & Principal Consultant of Validation Estimating, LLC Owner: Validation Estimating LLC Washington D.C. USA

Anything written by John G. McConville CCP is well worth taking the time to read. One of the best PRACTICAL minds in the cost estimating business.

If you are looking for a great, up-to-date source of international cost data, in all industries, check out Compass International Inc. This resource has been a life-saving reference for me.

Thank you again for the great publications. I have found them to be the best published information available. I have used your publications over many years and continue to recommend it to every cost estimating professional.

In my role as the Director of Global Estimating, my staff and I rely on your data to ensure we are working with the most current and accurate information we can find. The publications are considered daily tools by me and my staff and do exactly what we need from them. Thank you to Compass International for the work they do, the support they provide and continuing to provide a great product for Global Construction insights.