The Eno Center for Transportation recently released a report, “Rising Construction Costs: Analyzing the Contributors to Cost Escalations and the Impact on Federal Transportation Infrastructure Investments.” This whitepaper analyzes increases in construction costs from the pandemic to today. Factors include pandemic-based supply chain issues, labor market changes, petroleum price increases, and increased demand for contractors. The paper looks at competing metrics to determine construction inflation and how this can undermine the funding made available through Federal transportation legislation. The paper also explores potential implications of a higher baseline for project costs and how the industry is adapting to continued uncertainty.
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