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Richard Vermeulen, co-CEO, and leading Construction Economist at Vermeulens, commercial construction cost estimators outlines the economic issues that affect construction escalation for California.
ENR Engineering News Record – The two primary construction indexes represented by ENR is the Building Cost Index (BCI) and the Construction Cost Index
(CCI), which only have four components (INPUT) - Cement, Lumber, Steel and Labor. They do not capture all of the factors influencing project
costs particular to a region including labor cost productivity and margins based on demand.
Vermeulens index take all factors into account as an OUTPUT indexes and have larger fluctuations. Vermeulens forecasts the market on all indexes and indicators, which reflect the true market trends and costs.
The Vermeulens database includes over 3,000 projects, which form a library to access market conditions, trade prices, escalation, building type, client contracts, product information, and correspondence that can be extrapolated a wide range of analysis.
Vermeulens market reports are based on actual selling prices in the Institutional-Commercial-Industrial construction industry. Forecasts are based on leading indicators, and historical comparative analysis.
The Price of Oil - How will it Influence the Construction Industry?
Economic Issues That Affect Construction Escalation For 2016 and Beyond
Pre-Construction Cost Control: Is it Worthwhile to Reconcile
AIA Accredited Presentations for the Thought Leaders in Your Office
We will gladly organize, an in-depth AIA accredited presentation to the thought leaders in your office on:
Vermeulens Creating a Sustainable Future One Project at a Time
Richard Vermeulen’s publication “Green at No Cost: Economic and Cost Control Strategies that Create No Cost Sustainability,” available on Amazon, can help reduce the effects of climate change whilst increase our standard of living by over 50%, turning environmental degradation into environmental improvement.
Architectural Resources Cambridge
"I understand that all of your MEP staff are either mechanical or electrical engineers and are therefore able to project what has not yet been drawn. In my opinion, this is one of the most valuable things you bring to the table."
- Architectural Resources Cambridge
"Consistently, we find that Vermeulens® has more enthusiasm and expertise than any other cost estimator with whom we've worked."
McGill University Health Centre
"Your involvement with the MUHC Project has created new standards in construction estimating in the Quebec Health Care System."
- McGill University Health Centre
"Your team's ability to address cost issues as they related to the ever-changing technology of healthcare is impressive."
- Partners (Healthcare)
"We enjoy pushing the envelope of design with you at our side to enable the team to deliver within a realistic budget."
Perkins + Will
"Vermeulens has been very supportive of the client's vision from the very inception of the work."
- Perkins + Will
The University of Chicago
"The accuracy of your estimate on our $200 million dollar (job) gave the University the confidence to test our project in the construction market. This strategy resulted in the University saving more than $10 million from the estimates provided by others. This is quite a return on the investment we made in your fee."
- The University of Chicago
Truex Cullins & Partners Architects
"Every bid project we've worked on with Vermeulens Cost Consultants, during the past twenty plus years, has come in within the prepared and accepted budget range."
- Truex Cullins & Partners Architects
"We need accurate estimates to manage an aggressive construction schedule with limited resources of time and money. I can safely state that our needs were met by Vermeulens®"
Virginia Performing Arts Foundation
"As we wrestled with the scope changes, value engineering, schedule issues, and funding questions you have never strayed from helping us to keep our eye on the bottom line."
- Virginia Performing Arts Foundation
"Our collaborations are marked by openness, a mutual respect of differing opinions, and a willingness to assimilate a complete picture based on the information regardless of the source."
- Walsh Brothers