Civil Engineering Costs Forecast to Jump 16% by 2030

Jan 19, 2025
Ecommerce, Machines
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The Building Cost Information Service projects a 16% rise in civil engineering costs by 2030, even as infrastructure output is expected to grow modestly by 2.6% in 2025, driven by investments in transportation and renewable energy projects. Chronic labor shortages, coupled with volatile material prices and ongoing supply chain bottlenecks, are inflating budgets, compelling contractors to adopt digital tools like Building Information Modeling to optimize efficiency. The report emphasizes the urgency of lean construction practices to mitigate escalating costs while maintaining project timelines. Industry leaders are calling for government incentives to bolster workforce training and stabilize supply chains to ensure long-term project viability.