2021 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
October to December 2021
The outlook for the Global Construction sector continues to be encouraging over the next five years, assuming the worst of the COVID pandemic is behind us.
Close to a year and half of dealing with COVID-19 has been a major challenge to all construction related organizations around the world.
COVID-19 has seen close to 230 million confirmed cases & close to 5 million deaths around the world. (Could be 10 million with the way some countries are under-reporting) and over 700,000 deaths in the USA.
The virus has created significant problems to the Global Construction sector, compelling many organizations to substantially modify, shut down, or severely slow down ongoing construction activities. The world economy & construction sector is in its most unpredictable position since the Great Depression of the 1930’s. International economic growth has slowed down significantly.
The pandemic has negatively impacted the economies and construction sectors of more than 180 of the world’s 200 countries. Some counties have successfully navigated around the pandemic, while many countries have significantly struggled with the virus.