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.


Q2 2024

Evaluating the Global Construction Industry in 2024 is not an easy task, however a number of experts / economists and Compass international are reasonably bullish on the remainder of 2024 Construction prospects.

Some good news, it appears that the US economy and construction sector will not experience a full blown economic recession as we move further into 2024. The Global energy transition and the move away from fossil fuels will continue to have a major impact on the Global Construction industry now and in the future.

There is a new cold war between China and the USA. China’s tone has become more belligerent in the last 6 to 12 months. This disagreement could be a major problem in 2024 and beyond. The intensifying rivalry between the USA and China looks like it is a permanent challenge to the global economy and construction sector. The chances of a full blown global recession /economic downturn remains reasonably high as we move into the 2nd Q of 2024. On the positive side, the Global Construction sector is showing some signs of growth and is (for the most part) positioned for a recovery from the last 2 to 3 lackluster COVID / supply chain years.

Oil & Gas Industry Benchmark

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!