What should owners budget for cost escalation in 2025 and beyond as the Federal Reserve continues to reduce interest rates? What pricing structure should be used to accurately estimate costs for your research projects? Attend this session to get better pricing and more accurate budget figures, and better understand construction cost drivers for different research facilities. The Vermeulens team delivers up-to-date construction cost forecasts based on economic conditions, job creation and cost data from more than 200 projects. Using analyses of equities, GDP, construction labor markets and their national construction weather map, they illustrate regional construction pricing targets for the next two years and demonstrate bid and purchasing strategies that lock in costs and reduce risk.