2019 Healthcare Design Expo and Conference

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E30 - How Much Escalation is Enough? (Room R02)

03 Nov 19
1:45 PM - 2:45 PM

Tracks: Facility, Project & Asset Management

One of the most difficult parts of establishing a budget for a project is determining how much escalation to apply to the cost estimate. The construction industry has recently seen a rapid escalation in pricing, plus challenges concerning supply and demand for the required goods or services. These panelists will share a number of factors driving cost escalation in their region as well as challenges they are facing with limited resources. This panel discussion will also explore various ways of coping with these challenges.