Why do so many construction projects overrun their budgets by as much as 10% to more than 100% and how can this be rectified? This continuing situation costs the industry millions of dollars each year and wastes valuable engineering / construction labor resources. This article is focused on Industrial – Process CAPEX / EPC related … Read more
For additional current International & US Construction Cost Data, refer to our (7) Annual Publications: www.compassinternational.net/books/ Or contact John G. McConville CCP Telephone in USA (609) 577 4505 Or email info@compassinternational.net
It has come to my attention that John K. Hollmann has received the Lifetime Achievement Award from AACE International and I want to offer him my congratulations. This news prompted me to take another look at his recent book “Project Risk Quantification” from www.decisions-books.com. What I did not appreciate in my first review is that … Read more
The following square foot (SF) & square meter (M2) value costs include all construction materials, labor, plant hire / construction equipment, general conditions / preliminaries, overhead & profit. Excluded from the costs are Owners’ costs such as front end studies, Owners’ internal engineering / CM / inspection services, material handling equipment, fixtures & furniture, manufacturing … Read more
Costs include Clearing, Excavation, Stone, Tarmacadam / Paving, Concrete, PC Concrete, Reinforcement, Form work, Structural Steel, Safety Barriers, Labor, Construction Equipment, Detailed Design & Construction Management / Inspection. (Accuracy +/-20%). Major road, 2 lanes, 12’ wide each lane & 2 # 3’ wide shoulder, no bridges, N.E. USA $5.34 million per mile. $3.34 million per … Read more
Installation / Benchmark Man-hours for “Process” related Carbon Steel Pipe from recently completed Refinery / LNG / Chemical Projects located in US Gulf Coast (Texas): Inside Battery Limits (ISBL) A-53 Carbon Steel Pipe Fabrication (at a Pipe Fabrication Shop) & Erection M-H’s, includes testing. Assumes Pipe is 20’ off grade: Add 7.5% to above for … Read more
New & Refurbished High Speed Rail Track costs per Mile / Km, Traffic Control Systems, Signals, Freight Siding Cost Metrics, Detailed Design & Construction Management / Inspection historical benchmarks. Square Foot / Square Meter Cost Data are established from data collected for the Compass International‘s 2017 Global Construction Costs Yearbooks: Compass International’s (7) Global Cost … Read more
What does it cost to design & build a Warehouse / Logistic 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 more … Read more
What does it cost in the USA & around the world to build a 2 or 3 Star (middle-of-the-road) hotel? Compass International gets asked this question a lot, so we have compiled a cost per square foot & square meter benchmark report on 25 U.S. and International locations that can be viewed or downloaded below. Notes / Comments: There … Read more
