Marc Poskin, Vice President of Preconstruction, was recently interviewed for an article on current construction industry trends by ENR Midwest. The article is currently online and will appear in the September 26 / October 3, 2016 print edition.
In the article, Marc explains the necessity to be aware of cost escalation:
“First and foremost is being aware” of cost escalation, says Marc Poskin, vice president of preconstruction at International Contractors Inc., based in Chicago. “As a construction manager, we make sure that owners understand time is money and that, if you’re doing a project that’s more than six months away from the time you’re doing an estimate on it, you need to account for escalation.”
Check out the full article for Marc's predicted rise in cost escalation for 2017 as well as his opinion on factors driving that cost increase.
For more detailed information on Marc's predicted 2017 Cost Escalation Rate, visit: