If you are considering getting started on your next project, now is the time to do so. The historically low construction prices are on the rise again according to the latest ENR report. This gives some indicators that building costs have already bottomed out. Since the beginning of 2010, construction costs have increased 1.6% and this trend is expected to continue.

There are several ways to take advantage of historically low construction costs before they rise too far: 

1. Phase your project. Phasing your project can help you get started sooner, and break the project up into more manageable pieces. Legacy can help you determine which pieces can take priority over others and phase the construction to maximize use and value.
2. Change the project delivery method. Changing the delivery system from a traditional design-bid-build approach to a design-build approach can help you get started with construction sooner so you can take advantage of lower construction costs. This form of delivery also streamlines the process and helps create a single point of contact for all of your project needs. Legacy has a host of design-build expertise that has saved clients considerable time and money.
3. Pre-order materials. If you are in a situation where you have an adequate staging area, Legacy can assist in pre-ordering your construction materials before they go up in price. This allows you some lead time in construction, but also allows you to take advantage of lower material costs.

As the market recovers, don’t get hung out to dry with your construction plans. Legacy can help you get your project started, and ensure that you receive the best value for your dollar.