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
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
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
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
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
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
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
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
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
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
