1、International Construction Costs 2024Race for capacityOur International Construction Costs(ICC)2024 report,titled Race for capacity,is published at a pivotal moment in the recovery of the global construction sector.With the post-pandemic bounce-back still affecting markets,there are additional oppor

2、tunities and challenges arising from the acceleration of industrial reshoring and friendshoring.ForewordErik BlokhuisGlobal Sales and Business Development Officer,PlacesIn our market commentary,we emphasize that despite the socio-economic and political upheaval in 2023,the construction markets exper

3、ienced relative calm as demand eased and supply chains returned to equilibrium.2024 is likely to mark the bottom of the market in many parts of the world.A notable trend in 2023 was the rapid acceleration of investment in technology assets,driven by AIs demand for high-end processors and the rapid e

4、xpansion of data centers.The pace and scale of programs being delivered in Northern Europe,the Nordics,the UK and the US has the potential to disrupt local construction markets as demand for labor,materials and power crowds out other development work.A race for capacity has begun.Explosive growth in

5、 these markets means that even established players have to reassess their location planning,delivery strategies and supply chains.In our market insight section,Winner takes all,we share insights on the challenges clients face in delivering projects amid massive investment in the technology sector.Me

6、eting planned Day 1 completion dates is a top priority for clients,but the scale,speed and complexity of these programs increase their risk exposure.Existing supply chains and delivery models require review to adequately protect multibillion investments.Over the past two years,housing development an