Navigation Links
Healthcare and Education Building Markets Remain Particularly Strong as Energy, Materials and Commodity Costs Drive Construction Pricing Upward
Date:6/16/2008

2nd Quarter Turner Building Cost Index Forecasts 6.61% Increase Over One

Year Period

NEW YORK, June 16 /PRNewswire/ -- Turner Construction Company, the nation's leading general builder, today announced that construction costs increased 1.57 percent over the First Quarter 2008 and 6.61 percent over the Second Quarter 2007. Turner has issued this quarterly forecast for more than 80 years.

According to Karl F. Almstead, the Turner vice president responsible for the Turner Building Cost Index said, "Overall, the domestic non-residential building markets continue to be active. The healthcare, education, science, technology and public sector market segments remain strong while commercial and retail have declined slightly and large-scale residential projects have slowed significantly.

"Driven by global demand and supply, construction materials and commodity costs continue to rise, with some experiencing double digit price escalation since the first quarter of 2008. Steel, copper, aluminum, asphalt, roofing and PVC are all experiencing price spikes. Increased energy costs are also adding pricing pressure on both manufacturing and transportation."

Approximately 90% of Turner's business is performed under contract arrangements where Turner provides extensive preconstruction planning services before the contract price is fixed and before construction starts. By providing high quality pre-construction phase services and utilizing alternative procurement strategies, Turner continues to effectively serve its clients and manage the market risks associated with cost escalation issues.

Used widely by the construction industry and Federal and State governments, the building costs and price trends tracked by The Turner Building Cost Index may or may not reflect regional conditions in any given quarter. The Cost Index is determined by several factors considered on a nationwide basis-labor rates and productivity, material prices and the competitive condition of the marketplace. This index does not necessarily conform to other published indices because others do not generally take all of these factors into account.

About Turner

Turner is the leading general builder in the U.S., ranking first or second in the major segments of the building construction field. During 2007, Turner completed $9.6 billion of construction. Turner is the only builder offering clients a nationwide network of offices across the U.S. Founded in 1902, the firm is a subsidiary of HOCHTIEF, one of the world's leading international construction service providers. For more information, visit Turner's website at http://www.turnerconstruction.com.

HOCHTIEF is one of the leading international providers of construction-related services. With more than 52,000 employees and a sales volume of EUR 16.45 billion in FY 2007, the company is represented in all the world's major markets. The Group's service offering in the fields of development, construction, services, concessions and operation covers the entire life cycle of infrastructure projects, real estate and facilities. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with its holding company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. With its subsidiary Leighton, HOCHTIEF is market leader in Australia, and the Leighton Al Habtoor Group makes it one of the key vendors in the building construction and civil engineering market in the Gulf region. Further information is available at http://www.hochtief.com/press.


'/>"/>
SOURCE Turner Construction Company
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Aligntechinstitute.com Wins International Award of Excellence From Healthcare Communications Marketing Association
2. More Than 13,000 Home Healthcare Workers, Clients Protest Governors Cuts
3. More Than 13,000 Home Healthcare Workers Protest Governors Budget Cuts
4. Formation Capital to Purchase Haven Healthcare
5. Rochester Medical Honored by Premier Healthcare Alliance for Exceeding Performance Expectations
6. Kingfisher Healthcare (KFH) Wins Prestigious Frost & Sullivan Best Practices Award
7. HMS Holdings Corp. to Present at Jefferies 2nd Annual Healthcare Conference
8. ev3 Inc. to Present at the Jefferies 2nd Annual Healthcare Conference
9. Cognizant Ranks #11 on Healthcare Informatics 100 List
10. Healthcare Tech and the World: A New Perspective on Innovation in Healthcare
11. Healthcare Veteran Joins Solantic Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/22/2017)... ... February 22, 2017 , ... Sideline Products participated in the World Horse ... host Tom Seay and his production crew. Tom Seay’s program “Best of America ... world. Saddle Sidekicks will be featured on April 6, 2017. After the broadcast, ...
(Date:2/22/2017)... Delray Beach, FL (PRWEB) , ... February 22, 2017 , ... ... celebrity Wrestling Legend Kurt Angle, is now available on the App Store ... solutions and award-winning mobile apps for the addiction and recovery industry, partnered with Angle ...
(Date:2/22/2017)... ... 22, 2017 , ... A product of digesting a micronutrient found in soy ... from eating soy foods, while others do not, a University of Pittsburgh Graduate School ... equol—a substance made by some types of “good” gut bacteria when they metabolize isoflavones ...
(Date:2/22/2017)... ... February 22, 2017 , ... Super-Sod will attend the Athens ... in Athens, Georgia. , A shift from Super-Sod’s simple Athens Home Show booth of ... the booth, grass seed plant manager Chris Roquemore constructed furniture from recycled pallet wood ...
(Date:2/22/2017)... SC (PRWEB) , ... February 22, 2017 , ... ... of several sponsors of the Medical University of South Carolina (MUSC) Center on Aging’s ... Mount Pleasant, SC. “MUSC’s Center on Aging is a tremendous resource in our community. ...
Breaking Medicine News(10 mins):
(Date:2/22/2017)... /PRNewswire/ - CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) (the ... full fiscal year ended December 31, 2016. ... This news release ... statements and management discussion and analysis for the years ended ... SEDAR and are available at www.sedar.com and on ...
(Date:2/22/2017)... Feb. 22, 2017 Merrimack Pharmaceuticals, Inc. (Nasdaq: ... its Fourth Quarter 2016 investor conference call and webcast at ... The call will cover an update on Merrimack,s recent ... full year 2016 financial results. A press release detailing the ... the morning of Wednesday, March 1. Investors and the general ...
(Date:2/22/2017)... -- Summary Provides understanding and access to ... entered into by the worlds leading healthcare companies. ... The Global Non-Small Cell Lung Cancer Partnering Terms and ... partnering deals and agreements entered into by the world,s ... deals - Top deals by value - ...
Breaking Medicine Technology: