Market Conditions and Cost Estimates

Market Conditions and Cost Estimates

Imagine that your firm has recently accepted a contract to manage the construction of an overseas commercial construction project. You have been asked to create a cost estimate for the project, a 50-story skyscraper in a major international city. You begin by evaluating the current market conditions that might impact the project’s costs.

Which market condition do you currently believe to be the most influential to the cost estimation process? Why?

 

Market Conditions and Cost Estimates

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