Resources Sector Construction Costs Outlook

Latest Edition


December 2024

About the report

How strongly are resource sector construction costs increasing?

What is the outlook for costs during the life of current and prospective projects?

What rate of cost escalation should be included in my organisation’s planning and reporting?

This report provides the most comprehensive picture of resource sector construction cost outlook in Australia. Our analysis explains the reasons behind movements in costs and the implications for costs looking forward.

This information is critical for:

  • Construction companies tending for large projects
  • Organisations funding building and construction works programs
  • Builders and contractors planning major projects
  • Utilities formulating pricing submissions
  • Developers planning cash flow

Report Coverage

This report provides well researched cost escalation forecasts for resources sector construction projects in six regions of Australia, as well as the national total. The six regions are:

  • Western Australia
  • New South Wales
  • Queensland,
  • South Australia.
  • Tasmania and
  • Northern Territory.

The report contains ten years of forecasts and provides forecasts for each of the following cost items.

  • Various types of materials
  • Labour costs
  • New equipment and equipment hire
  • Cables and electrical equipment
  • Fuel and freight costs
  • Various construction services

Macromonitor Costs Database

Subscribers to the report also receive Macromonitor’s Construction Costs Database. This Excel file contains all of our cost data series, in quarterly and annual as at June.