Global Construction Newsletter: September to December 2020

Choose Your Region   So far, 2020 has been an extremely damaging year for the Global Construction sector. Cancelled & delayed projects, thousands of construction professionals & workers have lost their jobs, unfortunately this disruption / slowdown will continue well into 2021. That being said, the COVID-19 outlook is still somewhat negative as we move  … Read more

Why are so many Construction Projects unsuccessful in meeting their cost and schedule goals?

To protect against failure, construction organizations need to make sure all components of the project have been fully scoped out prior to the start of Detail Engineering, Procurement & Construction activities. Construction project cost overruns and schedule delays occur on more than 6 out of 10 construction projects. Compass International is frequently asked to investigate  … Read more

  Category: Articles
  September 2nd, 2020

Global Construction Newsletter: June to August 2020

Choose Your Region   Executive Summary What a difference 3 months makes!!! The world economy & construction sector is in its most unstable place since the Great Depression of the 1930’s. International growth has been slowing down for the past 18 months, COVID-19 has slammed on the brakes of future growth for at least the  … Read more

Global Construction Newsletter: April to June 2020

What a difference a month makes!!! The Coronavirus Pandemic has forced the world economies in more than 150 countries into a total lockdown situation. Construction, airlines, restaurants, hotels, international tourism & the cruise industry have just about ceased activities or are operating on a restricted basis. Thousands of people have been laid off or are  … Read more

Coronavirus Construction Cost Reduction Checklist

The escalating consequences resulting from the Coronavirus Pandemic will drive the US & World economies into an unmatched contraction that could cause serious economic disruption & possible job loss that hasn’t been seen in the last 50 years. Approximately, just under 10 million US construction professionals & workers are employed in the US construction &  … Read more

  Category: Articles
  March 25th, 2020

What Does it Cost to Design & Build a Logistics / Distribution Center in the USA & Around the World

Every day we hear news of major companies building new Logistics / Distribution Center in the USA & around the world. We are frequently asked this question by Owners, Developers, Architects & Engineers, Estimators, Quantity Surveyors & Construction Professionals around the world. To answer this question we have researched & collected “current day” costs from  … Read more

Global Construction Newsletter: January to March 2020

Choose Your Region   Executive Summary: The Iranian General succeeding General Soleiman who was killed in early January by a US drone, has avowed retaliation on the US and its allies. President Trump is promising a fast and disproportionate response to any Iranian strikes. This latest development may well impact economic trade in the Middle  … Read more

The League Table Of The 20 Most Expensive Cities To Perform Construction Work In 1st Q Of 2020

Detailed below are the most expensive cities to construct a building or complete an infrastructure-related project based on our latest (6) month’s international construction cost survey & research effort. We have used Boston, MA, USA as the benchmark city.  What we have witnessed in 2019 that will continue in 2020 are as follows   Download  … Read more

2020 Forecast of Construction (Labor & Materials) Inflation & Construction Productivity in the 20 leading economies

The following is our latest forecast of construction inflation & construction productivity related to the following countries. Note: Construction productivity is based on historical benchmark data from a number of new Industrial / Manufacturing Facilities. The construction productivity is expressed & based on skilled & unskilled construction hours for work performed in the USA on  … Read more

Global Construction Newsletter: October to December 2019

Click on a country / region to view the local construction news   The global construction industry will continue to experience steady growth rates in 2020 issues surrounding a possible military action in the Middle-East and the final chapter of the Brexit situation, which are not expected to have a major impact on future construction  … Read more