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The Rising Bill: Investigating Common Factors in Construction Cost Escalation
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Inhalt: |
The research project investigates construction cost escalation, a prevalent issue affecting the building industry. Through literature review and data analysis, it identifies internal and external factors driving cost escalation and its detrimental effects on projects. The findings underscore the importance of proper management, estimation, and market analysis to mitigate escalation risks. Recommendations emphasize proactive measures for clients and contractors to control costs and ensure project success amidst challenging economic conditions. |
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