Leading Altus Group Cost Consulting Team Releases 2013 Construction Cost Guide
March 07 2013 - 1:39PM
Marketwired
Altus Group's Cost Consulting Team ("Altus") (TSX:AIF) is pleased
to release the 2013 Construction Cost Guide (the "Guide"). Backed
by over 40 years of industry data and expertise, it is the premier
Guide for those involved in the development, infrastructure and
construction industries.
The 2013 Guide provides construction costs for a variety of
property types on a national scale, covering the scope of Canadian
markets: Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montreal,
Halifax and St. John's. Within these markets, the Guide provides
current analysis, unit rates, measurement and application of cost
per square foot for a variety of building types.
Highlights of the 2013 Guide:
-- Premium Outlets added in response to increased growth and activity in
the retail sector;
-- Observations related to Construction Cost Escalation with some degree of
normalization generally with zero escalation in certain areas; and,
-- Detailed data and descriptions including a breakdown of costs by 13
different building types.
"There are a number of dynamic factors at play in the current
market, particularly economic recovery in the U.S., that will
invariably impact construction costs in Canada," said Naren Chande,
Senior Executive Vice President, Cost Consulting and Project
Management, Altus Group. "Accordingly, it's even more imperative to
have a detailed construction estimate prepared and assessed in
order to obtain an accurate projection of project construction
costs."
To request a copy of the Guide, please call 416.641.9500 or
email cost@altusgroup.com. To obtain an electronic version, please
visit
http://altusgroup.com/research/construction-cost-guide.aspx.
About Altus Group's Cost Consulting and Project Management
A trusted source of cost consulting and project management
expertise, capital cost analysis and market information for over 50
years, Altus' Cost Consulting team is a leading provider of market
intelligence, allowing clients to make sound investment and
development decisions, and manage and control development costs.
Comprehensive, proprietary databases ensure access to accurate,
time-sensitive information on a range of public and private
projects that span the entire property and construction life cycle.
A seasoned team of professionals specializing in service areas that
include cost monitoring, cost planning and control, scheduling and
claims, P3, infrastructure, telecommunications and development
management, combine deep local understanding with global reach,
offering the fundamentals on construction costs and trends to a
broad customer base. For further information, please visit
http://altusgroup.com/solutions-and-services/cost-consulting-and-project-management.aspx.
About Altus Group Limited
Altus leads the global real estate industry in offering
professional real estate advisory services, data solutions and
intelligence about an organization's assets, generating a wealth of
knowledge and insight. With a staff of over 1,700, Altus has a
network of over 50 offices in a number of countries worldwide,
including Canada, the United Kingdom, the United States, Australia
and China. We operate five interrelated Business Units, bringing
years of experience and a broad range of expertise together into
one comprehensive platform: Research, Valuation and Advisory; Cost
Consulting and Project Management; Realty Tax Consulting, Geomatics
and ARGUS Software. Clients include banks, financial institutions,
governments, pension funds, asset and fund managers, developers and
landlords and companies engaged in the oil and gas industry.
Contacts: Altus Group Limited Sayla Nordin VP, Investor
Relations and Corporate Communications (416) 557-0939
www.altusgrouplimited.com
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