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(EST-4160) (Presentation Only) Material Increase, Supply-Chain Issues, and Market Volatility Impacts

Level: Basic
TCM Section(s):
7.3. Cost Estimating and Budgeting
Venue: 2023 AACE International Conference & Expo

Abstract: This presentation will outline the current price increases in construction materials, supply-chain issues, COVID-19 impacts, the Russian invasion of Ukraine, impacts of the Infrastructure Bill, and the Buy American Build America Act.This presentation aims to provide owners, municipalities, and consultants with current data that may impact their investment decisions for future capital projects outlining current inflation impacts, material impacts, market volatility issues, and COVID-19 impacts as well as suggested actions and cost estimating best practices.Sources include Engineering News-Record, U.S Bureau of Labor Statistics, Associated General Contractors of America, and other industry resources, as well as data from the recent bid tab history of current projects.The reader will have a better understanding of the current market volatility impacts.