{"id":3031,"date":"2022-01-16T10:39:35","date_gmt":"2022-01-16T15:39:35","guid":{"rendered":"https:\/\/www.cancea.ca\/?p=3031"},"modified":"2022-11-21T15:53:03","modified_gmt":"2022-11-21T20:53:03","slug":"metrolinx-macro-economic-factors-driving-cost-escalations","status":"publish","type":"post","link":"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/","title":{"rendered":"Metrolinx: Macro-economic factors driving cost escalations"},"content":{"rendered":"<p>Metrolinx was interested in a better understanding of the macro-economic factors driving cost escalations across its portfolio of construction projects.<\/p>\n<p>Using a mix of input goods and services for a \u201ctypical\u201d large civil construction project and\/or heavy rail project, the analysis aims to:<\/p>\n<ul>\n<li>Identify the recent trends (10 years) in key inputs and related factors including:\n<ul>\n<li>Material costs<\/li>\n<li>Wage costs (by occupation\/industry)<\/li>\n<li>Equipment costs<\/li>\n<li>Overhead &amp; indirect costs (including margins)<\/li>\n<li>Labour and equipment productivity<\/li>\n<\/ul>\n<\/li>\n<li>Understand the mean trends, and their volatility against key macro-economic factors. Emphasis to be made on the most likely reasons driving the trends.<\/li>\n<li>Use Ontario-specific data and generate Ontario-specific results, to the extent possible.<\/li>\n<\/ul>\n<p>In addition, the analysis will examined the likelihood that the most recent changes in costs during the COVID-19 pandemic are either transitory or structural.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metrolinx was interested in a better understanding of the macro-economic factors driving cost escalations across its portfolio of construction projects. Using a mix of input goods and services for a \u201ctypical\u201d large civil construction project and\/or heavy rail project, the analysis aims to: Identify the recent trends (10 years) in key inputs and related factors &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\"> <span class=\"screen-reader-text\">Metrolinx: Macro-economic factors driving cost escalations<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"featured_media":3032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[170,157,116,108,111],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metrolinx: Macro-economic factors driving cost escalations - Canadian Centre for Economic Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metrolinx: Macro-economic factors driving cost escalations - Canadian Centre for Economic Analysis\" \/>\n<meta property=\"og:description\" content=\"Metrolinx was interested in a better understanding of the macro-economic factors driving cost escalations across its portfolio of construction projects. Using a mix of input goods and services for a \u201ctypical\u201d large civil construction project and\/or heavy rail project, the analysis aims to: Identify the recent trends (10 years) in key inputs and related factors &hellip; Metrolinx: Macro-economic factors driving cost escalations Read More &raquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\" \/>\n<meta property=\"og:site_name\" content=\"Canadian Centre for Economic Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-16T15:39:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-21T20:53:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cancea.ca\/wp-content\/uploads\/2022\/11\/Metrolinx-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"723\" \/>\n\t<meta property=\"og:image:height\" content=\"938\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Paul Smetanin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Smetanin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\"},\"author\":{\"name\":\"Paul Smetanin\",\"@id\":\"https:\/\/www.cancea.ca\/#\/schema\/person\/c666b713a7851db524a0dffd96669e00\"},\"headline\":\"Metrolinx: Macro-economic factors driving cost escalations\",\"datePublished\":\"2022-01-16T15:39:35+00:00\",\"dateModified\":\"2022-11-21T20:53:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\"},\"wordCount\":139,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.cancea.ca\/#organization\"},\"articleSection\":[\"Financing\",\"Infrastructure\",\"Ontario\",\"Region\",\"Service\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\",\"url\":\"https:\/\/www.cancea.ca\/index.php\/2022\/01\/16\/metrolinx-macro-economic-factors-driving-cost-escalations\/\",\"name\":\"Metrolinx: Macro-economic factors driving cost escalations - 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