2022 Construction Cost
Estimating Data Publications

Industrial/Commercial Construction Cost Estimating 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 data yearbooks, 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

January to March 2022

It looks like 2022 will be a challenging year for the global construction industry. In the USA, construction activity in 2022 will strengthen 3% to 5% over 2021 levels if the latest pandemic strain can be contained.

The global construction industry is on the road to recovery (to pre-pandemic levels), however, it could take 6 to 12 months to see a full recovery. Several potential challenges could disrupt this recovery.

The construction material price spikes we have seen in the last 6 to 9 months are starting to stabilize, and in some cases, decline. However, rising inflation construction materials are averaging 10% to 15% higher than pre-pandemic pricing levels.

Delivery times of construction materials such as windows, doors, metal framing/studs, roofing, process pipe fittings, and plumbing fixtures remain a problem. Items that took 4 to 6 weeks to be delivered to the site now can take 8 to 12 weeks or longer in some cases. These delays are causing setbacks and increasing costs to contractors. Pent-up demand has caused huge price spikes to steel, copper, and OSB plywood/lumber products.

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!