The construction budgeting process is critical during the early planning stages. Allocating accurate costs for construction allow a district to maximize its budget and avoid overruns.

That’s where ICI comes in.

ICI is a construction management firm specializing in cost forecasting. We partner with school districts from the earliest stages to budget, sequence, plan and build their construction programs.

Our K-12 roots run deep: school construction has been our focus for more than 40 years and we are currently working with 8 Illinois school districts to implement their construction program.

GIVEAWAY: ICI’s Cost Forecasting Tool

Our team developed a cost escalation factor for projects beginning in 2025. This factor is critical to accurate cost forecasting. An escalation percentage is applied to the direct construction costs (trade costs) within a construction cost estimate. This number adjusts the direct cost total to account for labor and material fluctuations to a future time – either when the project breaks ground or goes out for bid. For those planning a year or more in advance for a project, this factor is significant and critical to include.

Fill out the form below to receive ICI’s predicted cost escalation factor for projects bidding in 2025:

Construction Cost Escalation Google Form

Or better yet, to discuss your project 1:1 send us an email and we’ll set up a time to talk: tfielden@icibuilds.com