Webinar: The price is right? Cost Escalation in a volatile world

Thursday 11th June | 2:00 pm AEST 

Please come on down for a presentation by Associate Directors, Adrian Hart and Richard Robinson as they highlight volatility in labour, equipment and materials prices, what to look out for as we navigate through the COVID-19 shock, and what this means for budgeting and planning.

In a world of increasing price volatility and economic uncertainty, understanding the outlook for key cost drivers is critical for smarter budgeting, tendering, better management of cash flow and ultimately improving the bottom line. In this webinar, we discuss BIS Oxford Economics’ approach to analysing and forecasting prices, developing cost escalation models, and real world applications in construction, utilities and mining industries

Much of the economic discussion around COVID-19 has focused on the real economy impacts and changes to the outlook – for example, how far will the economy fall, how many jobs will be lost, when will activity start to rise again, which construction sectors will see the biggest changes in the value of work done or put in place. But COVID-19, through demand and supply side shocks, is also impacting prices for labour, equipment and materials. A more rigorous understanding of price formation is essential as businesses and governments navigate through an extraordinary economic cycle now and over the next few years


Adrian Hart


Adrian Hart | Associate Director, Construction and Maintenance

Adrian has 20 years of economic analysis and consulting experience with BIS Oxford Economics, focusing on the infrastructure, building, maintenance and mining industries.

Adrian has undertaken a wide range of consultancy projects for the public and private sector based on his detailed understanding of construction, mining and maintenance markets, their drivers and outlooks, the range of organisations operating in this space and the issues they face. This work includes deeper industry liaison, contractor and competitive analysis, pipeline analysis, demand and cost escalation forecasting, and capacity and capability projects for the public and private sector. He also undertakes briefings and workshops for senior management, board members and industry associations, and facilitates and chairs roundtables between government and industry.

Richard Robinson



Richard Robinson | Associate Director, Economics and Construction

Richard has over 30 years of experience in analysis, consulting and forecasting of macroeconomic variables, resources investment and civil engineering construction activity, output and employment by industry sector by state, other key state economic variables, as well as production of manufactures, consumer goods and commodities.

Consultancy projects have included cost escalation for wages and materials; formulating end-use sector demand models for forecasting product demand, energy, electricity, employment, land use, freight tonnages and transport-related variables; studies of the Australian cement and concrete, steel and gas markets; project evaluation studies; cost-benefit analysis; assessments of individual property markets; and the preparation of economic arguments for wage cases



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