In our latest Australian Construction Market Conditions Report, we argue that a quick fix to ongoing escalation is unlikely. But even if there’s no miracle cure, there are measures developers can take to mitigate the impacts of escalation and set a project up to navigate the conditions.
According to our latest Australian Construction Market Conditions Report, cost escalation forecast to 2026 remains stubbornly elevated, around 4.5-5.5 per cent per annum on average nationally.
We've been selected as the preferred quantity surveyor for the Macquarie Point Multipurpose Stadium in Hobart, Tasmania. The stadium is set to become Tasmania's premier multipurpose sporting, arts, events and entertainment facility.
With activity at Australian airports almost back to pre-pandemic levels, the focus is now squarely on the sector’s ability to accommodate growth. How can we smooth the journey and futureproof these significant investments?
It will be no surprise to any interested observer that elevated construction cost conditions are persisting. But how has this situation come to be?
In an industry-leading innovation, we have developed a proof of concept for a digital twin of a commercial building as part of the CSIRO’s Data61 Terria Digital Twin Early Adopter Program.
There’s been plenty of hype across many sectors about digital twins, but parts of the construction industry have been somewhat slow on the uptake. This is set to change over the next decade as everything that can be digitised transforms into usable data.
Digital transformation is complex and demands a real commitment to change. For the construction sector, going digital can lead to more value and less risk. So what’s holding parts of the industry back from full adoption?
Innovation and new technologies continue to improve how buildings operate, bringing productivity, efficiencies and greater user comfort. In the race to meet global agreements and targets for emissions reduction, we need to work together to reduce embodied carbon.
