- The International Construction Costs Index published by Arcadis, analyses the relative costs of construction across 44 major cities, and also shows a crucial imbalance in London’s expensive construction market.
- London is the most expensive city in Europe and the second most expensive city worldwide in which to build, according to an index from a global design and consultancy business.
- At the other end the least expensive cities for construction are Taipei, Bangalore, Bangkok, Kula Lumpur, Ho Chi Min, Bucharest, Prague, Sarajevo, Sofia and Jakarta.
- Overall the top city is New York, with Hong Kong in third place followed by Geneva and Macau.
- Cost premiums in the top cities range from 40% to 60% in comparison with other European counterparts.
Tag: European Union
BIM is ‘wake up call’ for Qatar’s contractors
- RELATED ARTICLES: Revealed: How BIM can help procurement managers | BIM for FM: A Bird’s Eye View | How is BIM transforming GCC project delivery?
- With Qatar’s rising number of projects – from skyscrapers to stadiums – what can be done to further encourage BIM adoption in the country?
Contractors adopting BIM across the whole project delivery would enhance Qatar’s standing as an innovation hub, while driving the country’s competitiveness on a global scale.
- But on a countrywide level, the adoption of BIM by contractors lags behind the region and the rest of the world.
- With BIM, organisations can deliver projects on time, on budget, and with a goal towards sustainability.