Construction Costs
Friday, September 1st, 2006This article is important. Construction costs are going through the roof.
Overall, commercial building material costs in the Chicago area have jumped 36 percent in the past two years, said Phillip Waier, principal engineer for R.S. Means, a division of New York-based Reed Business Information. The composite cost of materials such as steel, concrete and copper wiring jumped 16 percent in 2004, 8.7 percent last year and are projected to rise about 8 percent this year, he said.
So keep these facts in mind when you consider what “Fixed Rail” on Oahu will really cost when and if it is built. Whatever the figures being quoted now, they are insufficient projections. It will cost more, much more.
Link.