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Articles in Mechanical Construction Cost Index

Jan 13, 2023 | Source: Hermanson Marketing Mechanical Construction Cost Index

Many of Hermanson’s clients – owners and general contractors – seek to understand the trends impacting Mechanical Construction Costs. As 2022 ended, we saw a modest increase in mechanical construction costs, demonstrated by our overall project price climbing 1.2% when compared to Q3 2022. The pricing shows that HVAC costs went up approximately 0.75%, and plumbing costs increased by 2%. The high market demand for Copper Pipe represents most of the increased costs, now averaging 8% over the previous quarter. However, we also saw a 5% drop in prices for Galvanized Ductwork. "Demand for Galvanized Sheet Metal slowed due to the Federal Reserve's... Read More


Sep 20, 2022 | Source: Hermanson Marketing Mechanical Construction Cost Index

Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. For the first time in a year we are seeing a slight drop in mechanical construction costs, with our overall project price 0.6% lower than in Q2 2022.  Pricing reflects slightly lower pricing in both HVAC and Plumbing scopes. Major changes include a 5% drop in Copper Pipe pricing and a 2% drop in Galvanized Sheet Metal. These were countered by 2% increases in both Carbon Steel Pipe and Cast Iron Pipe, while Plumbing Fixtures showed a 3% increase. HVAC Equipment,... Read More


Jun 21, 2022 | Source: Hermanson Marketing Mechanical Construction Cost Index

Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. In the second quarter of 2022 mechanical construction costs continue to rise but not at the breakneck speed of 2021. The quarter-over-quarter increase in Q2-2022 clocked in at 3.4%. Second quarter HVAC costs were up an average of 2.4%, with galvanized and copper showing the greatest increases. Plumbing costs were up 5.0% reflecting a 16.8% increase in the cost of cast iron with smaller increases in other commodities.  Hermanson’s baseline project estimate contains Puget Sound pricing the following components: Plumbing Labor Material PVC Cast Iron Copper & Steel... Read More


Mar 22, 2022 | Source: Hermanson Marketing Mechanical Construction Cost Index

Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. For at least the first quarter of 2022 double-digit increases in mechanical construction costs took a break. Netting an overall increase of 1.1%, Q1-2022 benefitted from stabilized pricing in most cost components.  After significant increases in equipment pricing in Q4-2021, HVAC costs were up slightly, with both commodities and equipment remaining stable. Plumbing costs were up 1.8%, primariliy reflecting increases in PVC and Cast Iron. Scheduled regional labor rate increases are also incorporated into the overall uptick.  Continuing concerns about nternational unrest,... Read More


Jan 11, 2022 | Source: Hermanson Marketing Mechanical Construction Cost Index

Many of Hermanson’s clients – both owners and general contractors – continuously seek to understand the trends impacting Mechanical Construction Cost. 2021 has been extraordinary in the impact to construction costs. After seeing a reduction of 4.1% in 2020, mechanical contractors have been hit with a year-over-year net increase of 40% for a typical Pacific Northwest project.  With a 14.9% quarter-over-quarter increase, Q4 2021 was impacted by minor cost increases in almost every component of mechanical construction, however, equipment pricing has risen at unprecedented levels. Manufacturers have worked through their supplies and pricing now reflects commodities increases previously seen by other industries.... Read More