Research laboratory construction costs are expected to increase in 2008 due to the same combustible mix of forces seen over the past several years--rising oil prices, aggressive labor demands, spikes in commodity prices, and an active construction market in North America. These forecasts are made by analysts at HLW International LLP, New York, N.Y.(Ted Hammer and Reza Agahian) and Accu-Cost Construction Consultants, New York, N.Y. (Edward Mermelstein).
HLW's annual report, Year 2008 R&D Facility Construction Cost Index, is summarized in this article and presented fully, via PDF, on R&D's Web site at www.rdmag.com.
The rates of increase for this year's lab construction ...