Construction Costs Set to Increase by 3-6% in 2024

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U.S. construction costs are set to increase by 3-6% in 2024, following an average increase of 4% in 2023. Cost escalation will challenge construction firms, which will need to develop new processes and capabilities to keep costs under control and projects on track. The findings are shared in How to navigate 2024: Balancing challenge with opportunity, a report published by Currie & Brown. The company also forecasts significant variation in cost escalation between major cities. For example, construction costs in Chicago, Illinois are predicted to rise 3.5% in 2024, compared to 6% in Phoenix, Arizona. This means that a $10-million … Read more

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Topcon Expands Construction Layout Portfolio with LN-50

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Topcon Positioning Systems launches the LN-50 3D laser, the latest addition to the LN layout navigator family of instruments. Intended to be an affordable and easy-to-use solution for digital layout, the LN-50 has a 50-meter (164-foot) range as compared to the longer-range, full-featured LN-150 that continues to be a mainstay of the Topcon layout portfolio. The new LN-50 is designed specific to homebuilders, mechanical, electrical, plumbing trades, concrete contractors and others — regardless of their digital technology experience — to achieve high-speed precision in measuring and layout work, mitigating the risk of errors that can lead to costly rework.  

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