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Recent geopolitical developments have introduced new uncertainties into the outlook for construction costs. Escalating tensions involving the US, Israel, Iran, and neighboring states, have led to a surge in global oil prices and increased volatility in shipping and logistics markets. The potential disruption of key maritime routes most notably the Strait of Hormuz, through which a significant portion of global oil supply is transported, has raised concerns regarding fuel cost

Published by Hearn & Hearn Consulting 6th Floor, King's Court 1, 2129 Chino Roces Avenue, Makati City, 1230, Philippines theteam@hhconsulting.com.ph | +63 915 670 4357 | www.hhconsulting.com.ph Data source: Hearn & Hearn Consulting Philippine Construction Cost Database, Q1 2026. Figures are averages based on lump sum fixed price competitive tenders across the Philippine market. Last updated: Q1 202. How to Read This Data All costs are in Philippine Pesos per square meter (PHP

Reflections from Hearn & Hearn Consulting on four decades of combined professional practice, ethical leadership, and the value of the RICS in an evolving market. The Philippine construction industry is at a pivotal moment. With recent reports of corruption in government infrastructure projects and numerous contractual claims between project stakeholders, the market has never had a greater need for professionals who operate to clearly defined international standards. In this e

A construction project can look perfectly planned on paper approved design, signed contracts, ready workforce and still run over budget before the first column is poured. In the Philippines, where project costs are increasingly shaped by market volatility, complex procurement structures, and layered contractor relationships, the difference between a well-controlled project and a costly one often comes down to one decision made before construction begins: appointing a quantity

Hearn & Hearn Consulting Executive Director Michael Hearn joined Colliers Philippines as a guest panelist at the Q1 2026 Philippine Property Market Briefing, a timely industry discussion on the trends shaping the Philippine real estate and construction sectors. Hosted by Colliers Philippines, the briefing brought together property stakeholders, industry leaders, and market specialists to examine current market conditions, investment considerations, and the evolving cost and d

April 29, 2026 Hearn & Hearn Consulting partnered with Rise Against Hunger Philippines for a community outreach initiative held in Brgy. Buting, Pasig City, supporting a mobile kitchen programme that provided meals to 500 individuals. Held on 29 April, the activity brought members of the Hearn & Hearn Consulting team together in support of a feeding initiative focused on community service, partnership, and meaningful local impact. Through the programme, the team helped suppor

Construction disputes often begin much earlier during project delivery: a delayed instruction, a variation proceeding without agreed cost, a challenged payment application, or a programme slipping without clear responsibility. At first, these issues may appear manageable. But when they are not addressed properly, they begin to affect time, cost, accountability, and working relationships. A project issue becomes a claim. If unresolved, it may move into mediation and, eventuall

Investment and acquisition decisions are often supported by robust financial and commercial analysis. However, an asset’s long-term performance and value are equally influenced by its technical condition, operational readiness, and regulatory compliance. When technical considerations are not assessed early, critical risks can remain hidden. Issues such as latent defects, underestimated capital requirements, or compliance gaps may only emerge once a transaction has progressed

Modern buildings rely on increasingly complex systems. Mechanical, Electrical, Plumbing, and Fire Protection (MEPF) systems must operate together seamlessly to support safety, efficiency, and long-term operational reliability. Yet even well-designed and carefully constructed buildings can encounter performance issues once systems begin operating under real conditions. Testing & Commissioning plays a critical role in verifying that building systems are properly installed, inte