![]() ![]() “However, although the bids were within 0.3 per cent of each other on the same project, they were both roughly 34 per cent higher than both the town and engineering consultants’ pre-tender estimate,” he said.įor the past several years, town staff have relied on benchmarking to estimate project costs.īenchmarking is a process by which the estimated cost of a project is compared to other similar projects. ![]() He explained that a recent construction tender came back with compliant bids that were within 0.3 per cent of each other, an indication that the bidding was competitive and balanced. “To buy a two-by-four today is about two to three times what it used to be almost a year ago,” he stated. “Since the onset of COVID-19, staff have experienced significant cost increases based on several recent bid responses to town capital projects,” said Shawn Carey, director of operations for TBM at a council meeting held earlier this week.Ĭarey said staff are seeing cost increases upwards of 30 to 40 per cent. As the Town of the Blue Mountains (TBM) moves forward with a number of capital projects, town staff are reporting a dramatic increase in engineering design and construction costs. ![]()
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