Source: https://www.constructiondive.com/, August 21, 2024
By: Sebastian Obando

The importance of an effective preconstruction process has never been more apparent, said Brett Poulos, national director of preconstruction and estimating at Burns & McDonnell, a Kansas City, Missouri-based construction company.

Construction input prices increased again in July largely due to price hikes in petroleum and natural gas, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics data. Though these costs have begun to stabilize over the past year, they still sit near 40% higher than in February 2020. Read more.