News + Insights

News

Mortenson Construction Cost Index Q2 2014

July 31, 2014

Mortenson's Cost Index is now available for download in an easy-to-read one page format. Find cost details specific to your local market by clicking below. For questions about our methodology, please contact Steve Pekala, Director of Market Intelligence, at 763.287.5337. See More

By: Steve Pekala
Article

Benefits & Drivers For Successful Implementation: Prefabrication

July 10, 2014

We recently conducted a study where a value-based cost-benefit analysis was performed to show the actual results of prefabrication experienced on the Exempla Saint Joseph Heritage Project.  The study was performed on the ongoing 831,000-square-foot hospital consisting of 360 patient beds, in which the main performance drivers – project schedule, cost, safety, and quality – were analyzed to...

Article

The Importance of Virtual Design & Construction: VDC-Driven Outcomes

July 09, 2014

Over the past decade, Mortenson Construction has increasingly leveraged virtual design and construction (VDC) to design, plan and build higher quality facilities faster while reducing costs, increasing job site safety and enhancing our customer experience. Our report analyzes 18 projects completed by Mortenson between 2004 and 2013. It details activities beneficial to the projects, highlights those benefits and...

News

Mortenson Construction Cost Index Q4 2013

February 26, 2014

Mortenson's Cost Index is now available for download in an easy-to-read one page format. On a national basis, findings indicate that while overall costs continue to grow, there has been some restraint within individual pricing components in local markets. Our research indicates that cost growth could accelerate with the expected rise in construction activity in 2014 and beyond. Find cost details specific to...

By: Steve Pekala
Article

Impressive Results at Radisson Blu

February 12, 2014

In the first six months of operation, the new facility achieved 90% occupancy—exceeding expectations. Even more impressive is that the unique space was developed during the deep economic recession, demonstrating that a smart development, design and building partnership can yield unprecedented results. The Radisson Blu Hotel is located at the south end of the Mall of America, the largest shopping center...

Article

Why Wind Energy Makes Sense

February 11, 2014

Considering that wind energy is still relatively new on the Canadian landscape, a strong and consistent focus is needed to effectively educate landowners and other stakeholders on the many benefits that wind farms provide. Anyone involved as a stakeholder in the wind energy business – whether as a developer, landowner, engineer, contractor, craft worker, etc. – understands the importance of this...