Estimating in Construction

The construction sector is presently encountering considerable difficulties as a result of inflation, a challenge that has persisted since 2022, making estimating costs extremely difficult. Recent data reveals that inflation has eased since reaching its peak, with the BCIS Materials Cost Index reflecting negative growth from the third quarter of 2023 through the second quarter of 2024. Nevertheless, the construction industry continues to contend with inflationary pressures, which may result in heightened costs and influence project delivery.

In summary, the construction sector is manoeuvring through a complicated environment where inflationary pressures remain a major concern, affecting both project timelines and expenses. With insight into the current inflationary landscape, our speakers from TSA Riley cover an introduction to cost management, key data trends in the market, as well as practical tips on cost planning and benchmarking.