BCQS International, the leading Property and Development Consultancy in the Caribbean and Latin America, has released its 2012 Caribbean Construction Market Trend Report.

The third annual report is a published guide to construction costs and their trending throughout the region. According to Liam Day, the Managing Director of BCQS International, “Through the diligent updating of our cost database, the information within the report enables the reader to analyse market trends, and to give some indication of specific as well as general cost patterns and nuances within the region. Within this issue we pay particular attention to trend patterns across the Caribbean as well as observe locations where the effects of the downturn are at their most prevalent.”

In accordance with previous reports, BCQS maintained focus on ten jurisdictions within the Caribbean consisting of those countries where BCQS has offices, these being The Bahamas, Barbados, British Virgin Islands, Cayman Islands, Jamaica, St. Lucia, Trinidad and the Turks and Caicos Islands, as well as those countries that hold an affiliated presence, namely, St. Maarten and Curacao. It is their belief that the data samples taken from these locations provide a strong overview of the Caribbean Market through the diversity of the sample group taken across the region as a whole.

BCQS’ office in Sao Paulo, Brazil continues to flourish amongst the excessive demands of the South American market, which continue to be turbulent, exciting and challenging.  Additionally, newer commissions in Chile, Colombia and Argentina are helping to expand and strengthen their knowledge of this region and as a result they are pleased to share this information in this latest report. As their involvement in the South American market continues to broaden, they hope to expand this section of the report to include additional territories, ultimately concluding with a standalone Market Trend Report specifically for South America.

Associate Director of BCQS International responsible for compiling the 2012 report, Mark Hodkinson, says: “In our third consecutive year, Client feedback continues to be overwhelmingly positive and we are delighted to continue providing this presentation as a valuable preliminary source of construction data, aimed at promoting more informed development decision making throughout the Caribbean and Latin America.”

– more –

About BCQS International

BCQS international Ltd. is a professional property and development consultancy with locations throughout the Caribbean.  Established in 1969, the company has earned a leadership position in its field, and offers a comprehensive range of services, including project management, quantity surveying, cost engineering, construction management, cost management, valuations/appraisals and feasibility studies, claims consulting and loss adjusting.

BCQS are the first company in the Americas to be registered by the Royal Institution of Chartered Surveyors and are approved consultants for all the major banks in the region as well as the British Government’s Foreign and Commonwealth Office, the Department for International Development (DFID), the Caribbean Development Bank, and for European Union-funded projects.