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

In the final quarter of 2023, we saw a decrease in mechanical construction costs, with our overall project price dropping 2.1% when compared to Q3 2023. The pricing shows that HVAC costs went down by approximately 2.0%, and plumbing costs decreased by 2.2%.

The primary factors for the change in costs were lower material prices for copper pipe, steel pipe, and PVC pipe.