Construction Costs Fall While Number Of Bidders Rises

June 29, 2020

In the midst of a pandemic, the evaluation of capital expenditures can be a tricky process for commercial real estate owners and developers. So, when Steve Wiley of Taylor Johnson client McHugh Construction released his forecast, “ Anticipating the Impacts of COVID-19 on Construction Costs ,” Team TJ thought real estate decision-makers would be interested in his findings. We pitched Illinois Real Estate Journal on the McHugh report, resulting in this story , which covers everything from the rise of subcontractors bidding on shovel-ready projects and why their quoted pricing is trending downward to how the sharp fall in oil prices is affecting costs for petroleum-based materials such as asphalt and plastic fasteners.

McHugh Construction’s Steve Wiley evaluates the impact of COVID-19 on construction costs.


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