{"id":14402,"date":"2023-07-18T09:04:43","date_gmt":"2023-07-18T14:04:43","guid":{"rendered":"https:\/\/www.imegcorp.com\/?p=14402"},"modified":"2023-09-06T10:15:40","modified_gmt":"2023-09-06T15:15:40","slug":"bridge-market-update-many-projects-higher-construction-costs","status":"publish","type":"post","link":"https:\/\/www.imegcorp.com\/insights\/blog\/bridge-market-update-many-projects-higher-construction-costs\/","title":{"rendered":"Podcast : Bridge market update: Many projects, higher construction costs"},"content":{"rendered":"<p><span class=\"TextRun SCXW128754322 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128754322 BCX0\">In a continuing <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">series of conversations with IMEG\u2019s market leaders, this episode of <a href=\"https:\/\/www.imegcorp.com\/insights\/the-future-built-smarter-podcast\/\" target=\"_blank\" rel=\"noopener\">The Future Built Smarter <\/a><\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW128754322 BCX0\">features<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> Bridge Market Leader Steve Myer.\u00a0<\/span><\/span><span class=\"TextRun SCXW128754322 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128754322 BCX0\">Steve discusses his background, the types of services that IMEG\u2019s bridge <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">engineering <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">team provides, challenges facing the market, and <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">often-heard<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> questions from clients. <\/span><\/span><\/p>\n<p><span class=\"TextRun SCXW128754322 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128754322 BCX0\">\u201c<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">T<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">he <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">common <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">questions <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">from <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">our clients <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">include<\/span> <a href=\"https:\/\/www.imegcorp.com\/insights\/blog\/how-to-extend-the-life-of-your-bridges\/\"><span class=\"NormalTextRun SCXW128754322 BCX0\">how to <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">extend the life of <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">their<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> bridge<\/span><\/a><span class=\"NormalTextRun SCXW128754322 BCX0\">s,\u201d <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">he says<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">. \u201c<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">They also often ask for<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> rough cost estimates for <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">their <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">bridges and what they can do to make their money go further<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">. We <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">provide<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> quite a few estimates<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">, either for r<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">ehabilitation of <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">existing <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">bridges or <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">for <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">replacing bridges.<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">\u201d Steve adds that over the past five years he and other engineers <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">\u201c<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">have been going at a really fast pace and <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">have<\/span> <span class=\"NormalTextRun SCXW128754322 BCX0\">designed<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> many bridge projects<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">\u2014<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">to the point <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">that <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">now one of the biggest challenges facing clients is there so many projects out there<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">, the<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> competitive bid process is somewhat going away because <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">contractors<\/span> <span class=\"NormalTextRun SCXW128754322 BCX0\">can just<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> go after the <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">projects<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> they want<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">.\u201d <\/span><\/span><\/p>\n<p><span class=\"TextRun SCXW128754322 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128754322 BCX0\">As for the future, Steve says, \u201c<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">I really <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">don&#8217;t<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> see a slowdown coming in the bridge market. <\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">Hopefully<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\"> it stabilizes a little bit and construction prices stop doubling every five years.<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">\u201d<\/span><span class=\"NormalTextRun SCXW128754322 BCX0\">\u00a0<\/span><\/span><span class=\"EOP SCXW128754322 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><em>Listen to the podcast:<\/em><\/p>\n<p><iframe loading=\"lazy\" style=\"border: none; min-width: min(100%, 430px); height: 150px;\" title=\"Bridge market update: Many projects, higher construction costs\" src=\"https:\/\/www.podbean.com\/player-v2\/?i=nzuep-145b288-pb&amp;from=pb6admin&amp;share=1&amp;download=1&amp;rtl=0&amp;fonts=Arial&amp;skin=1&amp;font-color=auto&amp;logo_link=episode_page&amp;btn-skin=3\" width=\"100%\" height=\"150\" scrolling=\"no\" data-name=\"pb-iframe-player\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a continuing series of conversations with IMEG\u2019s market leaders, this episode of The Future Built Smarter features Bridge Market Leader Steve Myer.\u00a0Steve discusses his background, the types of services that IMEG\u2019s bridge engineering team provides, challenges facing the market, and often-heard questions from clients. \u201cThe common questions from our clients include how to extend<\/p>\n","protected":false},"author":5,"featured_media":14403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[3,373,271],"tags":[],"acf":[],"yoast_head":"\n<title>Podcast : Bridge market update: Many projects, higher construction costs - 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