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Originally Posted by oldschoolcalgary
Thanks for the information.
I work in architecture, and I know that our CMs have been telling us the same thing, but never with the same amount of detail...
It's gotten to the point where we get a cost estimate, have to value engineer the design down, and then find in that time period, the costs have escalated again and we have to value engineer again.
Larger projects will have economies of scale that would help them to secure volume of material, more than smaller projects would be able to...so who knows what is going to happen with the arena...
keynesian economics don't help here as the challenge is in raw material and not simply labor costs...
Any idea if aluminum is also a supply issue? Asking for a project I am working on...  |
Sorry, Aluminum isn't something I'm too familiar with when it comes to price or supply.
Steel prices have been a bit more in flux in nature recently, and used to be mills would hold prices for time frames if they knew the order was going to be large enough but that's a practice that they are not employing right now.
From the labour cost perspective...we are pretty hungry, as will all the competitors we have on the project be too. But even steel fabricators are not so crazy that they'll intentionally underprice the Material and hope they get lucky...a practice that we often foolishly employ when it comes to labour and admin.