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1) The document forecasts 2019 construction inflation rates and hourly bill out rates for skilled construction workers in 15 major countries.
2) The US is projected to have a 2.5% construction inflation rate and skilled worker hourly rates between $46-$85. China has the second highest inflation rate at 2.7% and worker rates of $11-$18.
3) The document also provides similar cost data for building construction in additional countries and cities worldwide, as well as cost models for various industrial projects.
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2019 - Compass International - TR_ConstructionInflation.pdf
1) The document forecasts 2019 construction inflation rates and hourly bill out rates for skilled construction workers in 15 major countries.
2) The US is projected to have a 2.5% construction inflation rate and skilled worker hourly rates between $46-$85. China has the second highest inflation rate at 2.7% and worker rates of $11-$18.
3) The document also provides similar cost data for building construction in additional countries and cities worldwide, as well as cost models for various industrial projects.
1) The document forecasts 2019 construction inflation rates and hourly bill out rates for skilled construction workers in 15 major countries.
2) The US is projected to have a 2.5% construction inflation rate and skilled worker hourly rates between $46-$85. China has the second highest inflation rate at 2.7% and worker rates of $11-$18.
3) The document also provides similar cost data for building construction in additional countries and cities worldwide, as well as cost models for various industrial projects.
2019 Construction Inflation Rates & Skilled Construction worker
hourly Bill out Rate for the top 15 Major Countries:
The following is our latest forecast of 2019 Construction (Labor & Materials) Inflation Rates & Skilled Construction hourly bill out hourly rates:
FYI our 2019 US / Global
Projected Skilled Construction worker (Welders, Construction (Labor Pipefitters, Electrician etc.) hourly bill out Construction Yearbooks & Ranking Country PDF’s are now available, we & Materials) Inflation hourly rate in US $, incl field in-directs, for the year 2019 construction equipment & O/H & P. have added the following cost models: 1 USA 2.50% $46 - $ $85 2 China 2.70% $11 - $ $18 • LNG facility EPC costs. 3 Japan 1.30% $46 - $ $84 • Additional Square Foot / Square 4 Germany 1.80% $46 - $ $81 Meter Building costs. Similar building as above constructed in following Countries: 5 UK 1.80% $41 - $ $66 • Various Manufacturing Facility # COUNTRY CITY LOCATION FACTOR $ COST PER SQUARE FOOT $ COST PER M2 6 France 1.60% $41 - $ $65 cost models. 1 Brazil Uberaba 0.88 $248 $2,670 7 India 5.10% $7 - $ $9 2 3 China France Wuhan Nantes 0.85 0.97 $240 $274 • Ethylene CAPEX$2,579 EPC facility cost $2,943 8 Italy 4 1.50% Germany Bremen $41 0.98 - $ $63 $276 metrics. $2,974 5 India Jamshedpur 0.86 $243 $2,610 9 Brazil 4.30% $12 - $ $16 6 Italy Turin 0.94 $265 • Open Shop All-In rate build up. $2,852 7 Mexico Tampico 0.85 $240 $2,579 10 Canada 8 2.20% Norway Bergen $45 1.05 - $ $79 $296 $3,186 11 South Korea 9 1.80% Spain Bilbao $28 0.92 - $ $44 $259 • Additional Pipeline $2,792cost models. 10 Sweden Malmo 1.05 $296 $3,186 12 Australia 11 2.50% Switzerland Fribourg $43 1.06 - $ $57 $299 • Various Infrastructure, $3,216 highways 12 Turkey Izmir 0.90 $254 $2,731 13 Russia 13 4.60% UK Bristol $17 1.02 - $ $27 $288 & bridges cost models. $3,095 14 USA Trenton, NJ 1.00 $282 $3,036 14 Spain 2.30% $28 - $ $41 • Underground & Overhead Electric For additional location factors refer to Compass International’s 2015 Global Construction Yearbook Transmission (15th cost Edition) metrics. 15 Mexico 3.80% $12 - $ $19 or visit http://www.compassinternational.net/product/2015-global-construction-costs-yearbook/ Please send us an e mail if you would like an excel spreadsheet for this cost model.
For additional benchmarks and similar types of construction costs refer to refer to our 2019 Global Construction Costs Yearbook If you have any questions or comments on this report please contact:
John G. McConville, CCP View our annual cost COMPASS INTERNATIONAL
Operations Director - Compass International estimating yearbooks at (215) 504 9777 Telephone in the USA (609) 577 4505 www.compassinternational.net sales@compassinternational.net www.compassinternational.net sales@compassinternational.net www.compassinternational.net