Factors That Affect Construction Project Management Cost

The U.S. commercial construction industry was worth $115 billion in 2022, continuing its rebound after a significant drop during the 2008 recession.

Since that recession, there have been many challenges facing the industry. According to one source, players in the U.S. commercial construction industry continued to deal with pain points last year, like the rising cost of materials and labor. And those issues were exacerbated by supply chain disruptions, significant inflation, and other factors. One problem with these challenges is that they will drive up the cost of commercial construction projects.

engineers pointing to building on blueprint and using laptop to drawing design building Project in office, construction concept