Published: June 2023
Investing in public infrastructure is essential for creating vibrant communities, which is why Illinois suburban municipalities and units of local government continue investing in their schools, parks, municipal buildings, senior living centers and other vital resources. But as the national economy continues to deal with high inflation and lingering supply chain pressures, maximizing the value of construction budgets has become more critical than ever. These conditions have made cost certainty the top priority when vetting potential contractors.
F.H. Paschen has decades of experience in suburban construction and renovation, tackling diverse projects for communities of all sizes across Illinois. Whether our client’s budget is $5,000 or $50 million, we focus on helping them get the job done right so they get the best value for their money.
Based on that history and our knowledge of today’s market conditions, we see three crucial trends to help municipalities gain greater confidence in their project costs.