Media - Hoffman

Building to Budget During Inflationary Times - Hoffman

Written by Admin | Apr 17, 2024 5:00:00 AM

by Matt McGregor and Sean Duncanson

This article first appeared in the April 2024 issue of Wisconsin School News.

In the intricate landscape of school district construction, aligning the design and execution with budgetary constraints often proves to be a daunting task. Building during a fluctuating economic cycle poses an especially complex set of concerns.

When your district is conducting pre-referendum planning–with construction slated for two or three years in the future–how do you ensure that your budget addresses prospective financial shifts?

Superintendents, school board members, and other school leaders must recognize that, in the planning and implementation process, particular items will likely need to change to accommodate scheduling or meet budget. Considerations such as inflation and supply chain issues, not to mention availability of skilled workers, have substantially impacted the construction environment. The following four considerations can lead you on the path to success.