Beware of Construction Costs During Time of High Demand
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| Rich Hilgendorff is chief estimator at Wise Construction, a Winchester-based construction management firm specializing in health care, biotechnology, education and corporate clients. |
By Rich Hilgendorff
With 2008 well under way, there is a sense of unease within the construction and real estate industries with regard to rising construction costs. Costs have always been a key factor in the success or failure of any real estate project. At a time of economic uncertainty and with fears of recession, people start to pay closer attention to construction costs and its variables. Sometimes their concerns are grounded and at other times reality becomes exaggerated. Let’s clear up the ambiguity and take a closer look at reality versus perception in the marketplace today.
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