The Hidden Costs in Construction - Connected World
Hidden project costs are everywhere in the construction industry: materials, labor, safety, and permitting, just to name a few. As an example, delays tied to regulatory processes are becoming a defining factor in the construction industry. As demand grows for new facilities, energy systems, transportation networks, and large-scale industrial development, bottlenecks tied to permitting, approvals, supply chains, and more are impacting whether projects stay on budget and on schedule.
The Cost of Permitting Delays
Case in point: New research from The United States Energy Assn. and Energy Exemplar looks at how permitting and interconnection delays impact long-term electricity costs, reliability, emissions, and investment timing.
Using Energy Exemplar’s PLEXOS modeling platform, the analysis evaluates how different infrastructure delivery timelines shape power system outcomes under rising electricity demand driven by data centers, artificial intelligence, electrification, and broader economic growth.
The analysis finds that when delivery timelines become the binding constraint, the power...
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