Construction Pricing and Impacts: Quantifying the Unexpected
If there is one issue that has kept many of us up at night recently, it is construction pricing and supply chain challenges. As Bremner Real Estate VP, Development Kevin Knue says, “It’s certainly a topic that’s heavily impacting the industry across the board. We’re living it every day.” The team is also working proactively to ensure that impacts to clients – and, of course, their end users – are minimized and projects proceed as seamlessly as possible, even when confronted with… reality. Agility Is Key To address the elephant in the room: COVID not only resulted in a global health crisis but precipitated virtually unprecedented pricing and supply chain snarls. As these challenges were emerging, it became increasingly necessary to pivot at a moment’s notice. For example, the Bremner team was building to a design that specified a certain structural steel system for the roof. Due to procurement timelines (read: long delays), they had to adjust the system so they could have it on site and in place when required. AJ Misch, Bremner Development Manager, says, “You adjust to market conditions [...]
