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OD: Managing Escalating Construction Costs in Higher Education

Recorded on Thursday, October 27, 2016 1:00 PM ET

Overview

Construction costs are rising faster than ever, forcing campuses nationwide to revamp projects, boost spending or even delay construction. Institutions are seeing project costs often come in more than 15 percent above initial projections. During this webcast, the panel of experts in facilities management, macroeconomics, architecture and construction will bring perspectives from all sides of this issue together to explore what’s driving the rapidly escalating costs.
 
Learn how higher labor rates, bigger profit margins, a strong materials market, local construction climates (labor and schedule), and academic schedules are all impacting your project. Discover strategies the speakers have personally used to battle higher costs and avoid unwelcome surprises.
 
Speakers will address pre-purchasing materials in order to catch commodities at best value, how less expensive finishes affect the bottom line, design changes that can cut costs, the impact the academic schedule has on cost, and how the local labor market impacts a project.    

What You Will Learn

After participating in this program, you will learn to:

  • Reflect on regional market forces that may influence your planned and in-progress construction projects and consider the potential efficacy of strategies that have been effective elsewhere.
  • Look into new resources of data about the commodities markets and the macroeconomic drivers.
  • Establish a project process and a consultant teaming strategy that can help to identify market shifts and project adjustment options as early as possible.

Meet the Presenters

  • Bill Hopkins, architect, principal, director of operations, Hanbury Evans Wright Vlattas
  • Alex Roe, associate vice president, capital planning and budget, University of Wisconsin
  • Dan Savoia, project executive, Balfour Beatty Campus Solutions
  • Richard Vermeulen, co-chief executive officer, principal, Vermeulens Cost Estimating
  • Sally Grans Korsh, director, facilities management and environmental policy, NACUBO

Who Should Attend    

  • Chief business officers
  • Vice presidents of finance
  • Business office staff
  • Budget directors
  • Facilities managers
  • Planning managers

Course Information

  • Length: 60 minutes

Fees

Member Site Registration: $99.00
Non-Member Site Registration: $129.00

Sponsor


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  • Log in to MY NACUBO
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  • The webcast will open in a new window

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Technical Requirements

Software/Browser Requirements

  • Windows XP/Vista/7
  • Windows Media Player 10,11 or 12
  • Adobe Acrobat Reader 7.0 or later
  • Flash Player 10.x

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CPE Information

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.