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Hermanson Construction Cost Index - Q3 2021

Sep 16, 2021 | Source: Hermanson Marketing Mechanical Construction Cost Index

Hermanson's Estimating Department began tracking mechanical construction cost indicators in 2017. We share this information on a quarterly basis with the AEC community and our regional partners. Our reporting is based on costs to complete a comprehensive, representative Pacific Northwest project, and this information assists general contractors, developers, and owners in making informed decisions about project costs. 

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Jul 12, 2021 | Source: Hermanson Marketing Company News

"Today's tour was amazing!  I feel so fortunate to be a part of this program," wrote Alejandra R., a 2021 graduate from Auburn High School.  

 

 

Alejandra and nine other students make up the inaugural cohort of upcoming high school juniors, seniors, and recent graduates participating in the Heavy Metal Summer Experience (HMSE)...

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Jun 11, 2021 | Source: Hermanson Marketing Mechanical Construction Cost Index

Hermanson's Estimating Department began tracking mechanical construction cost indicators in 2017 to share quarterly with the AEC community. Based on costs to complete a comprehensive, representative PNW region project, this information assists general contractors, developers, and owners make informed decisions about project costs. 

After posting the highest gain recorded since 2017 in Q1 2021, the construction cost index continued to rise in Q2 2021 at a quarter-over-quarter increase of 12.1%. This brings the total incurred cost increases for 2021 so far to 25.5%...

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Jun 10, 2021 | Source: Hermanson Marketing Feature Photo Credit // © Visoot Uthairam | Dreamstime.com Company News

Congratulations to Hermanson's Desire'e Ropel for being Featured in National Safety Magazine, EHS Today! "How to Improve and Promote Safety in Construction."

EHS Today is an online magazine keeping safety professionals up-to-date on trends, management strategies, and regulatory updates for safe and healthy work sites.  Hermanson’s Safety Manager, Desire’e Ropel, was interviewed for an article...

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Apr 30, 2021 | Source: Hermanson Marketing Foreman Focus Friday

For Pipefitting Foreman Benji Aguilera, working in the building trades has been a family tradition. Benji’s grandfather was an electrician and his uncle a millwright, so after high school Benji enrolled in the welding program at Oregon's Linn-Benton Community College.  

At Linn-Benton, Benji earned his Associates Degree in welding technology and began working as a pipe fitter/welder in 2011. He joined Local 290 in 2017 and has spent time working on industrial projects including local papermills and chemical plants before being hired by Hermanson as a Pipefitting Foreman in 2019...

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Apr 1, 2021 | Source: Hermanson Marketing Mechanical Construction Cost Index

Hermanson's Estimating Department works to compile the factors that influence quarterly mechanical construction costs and pass that information along to our clients (including general contractors, developers, and owners) to help them understand and plan for possible cost impacts to their projects. 

Hermanson’s Mechanical Construction Cost Index is based on a comprehensive, representative PNW region project. A complete estimate for this baseline project was completed in Q4 2017 and is updated with current pricing each quarter. In 2020, economic impacts of COVID resulted in a year-over-year decrease, however that trend has reversed, and Q1 2021 saw a quarter-over-quarter increase of 13.4%...

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