It’s time to unveil and analyze Gordian’s 2021 RSMeans data construction costs! The last year has been unlike any the industry has ever seen. The COVID-19 pandemic and the resulting economic fallout created widespread construction cost volatility in 2020. The price changes over the last year were enough to induce whiplash. Since January 2020: 57% of construction materials costs increased. 82% of construction equipment costs increas...

The COVID-19 pandemic has had a staggering impact across the globe. From continent to continent, life has been disrupted as hundreds of thousands battle the disease and millions more do their part to flatten the curve. The American construction industry has not been spared from COVID-19’s reach, as all construction has halted in some states, while others have limited work to only essential projects. The dire circumstances facing the cons...