The Arcadis 2024 International Construction Costs report calculates an index using 20 building types, such as residential, commercial and public sector, and takes into account #construction costs and market conditions. The results? Three American cities are listed in the top 10 as most expensive in the world for construction. They are:
* City of New York is #5
* City and County of San Francisco is #6
* City of Philadelphia is #7
Fortunately, using #modern #buildingmaterials like #EIFS with Drainage (e.g. Exterior Insulation Finish Systems) are a very tangible way for #architects, #designers, #engineers, #developers, #buildingowners and #governmentofficials to control #costs in #newconstruction and #renovation.
But don't take our word for it. Information compiled by RSMeans Data from Gordian, the authoritative subscription-based construction costs firm, shows that the installed cost of EIFS are significantly less than other, #heavyweight cladding options like #curtainwall, #stone, #precast and #brick. In fact, the latest, 2Q24 data shows that walls clad in brick veneer with #steel backup are 68% more expensive than similar EIFS walls on 3-story, 6-story, and 15-story newly constructed apartment buildings on a national basis. Other cost highlights can be found at the site of the EIFS Industry Members Association (EIMA) association right here https://lnkd.in/ekQwU-3v
Since the "I" in "EIFS" stands for insulation, it is no surprise that EIFS have always met the continuous insulation requirements (e.g. ASHRAE 90.1) mandated by the International Code Council's International Energy Conservation Code ever since they came into effect in 2013.
Here's a case study published by Habitat Magazine that shows EIFS in a #retrofit application in Brooklyn, https://lnkd.in/dGrwcrPV
With more finishes than ever before, one can see some great examples of EIFS projects from all over #northamerica at EIMA's photo gallery. https://lnkd.in/ddjUwqxS
www.eima.com #eima #architecture #design #constructioncosts #financialvalue #buildingperformance #sustainability #energyefficiency
How is your city tackling the challenges in the ever-changing construction landscape?
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#ArcadisInternationalConstructionCosts #MarketInsights
Head of Strategic Research and Insight at Arcadis UK / Member of RICS Board and KPC Chair
6moDelighted to see the 2024 edition of the International Construction Cost Report published with new exciting features and a 5-point framework focused on successful delivery of end-date critical megaprojects. Links to the download below