Hermanson Construction Cost Index - Q3 2023

Oct 31, 2023 | Mechanical Construction Cost Index

Many of Hermanson’s clients – owners and general contractors – seek to understand the trends impacting Mechanical Construction Costs.

In the third quarter of 2023, we saw a minor increase in mechanical construction costs, demonstrated by our overall project price staying relatively static, rising 0.9% when compared to Q2 2023. The pricing shows that HVAC costs went up by approximately 2.2%, and plumbing costs decreased by 2.8%.

Blog-Charts---Q3.23.png

Hermanson’s baseline project estimate contains Puget Sound pricing the following components:

Plumbing

  • Labor

  • Material

    • PVC

    • Cast Iron

    • Copper & Steel Threaded Pipe

    • Restroom Fixtures

HVAC

  • Labor

  • Material

    • Ductwork

    • Pump

    • Copper & Steel Threaded Pipe

    • Exhaust Fan

    • Accessories

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