Inflation, budgeting and construction costs

2019/07/29 by Rakhra, A. S., Wilson, A. J.
#budgeting #budgétisation #building materials #construction costs #coût de la construction #inflation #matériau de construction #salaire #salaries

paper · doi:10.4224/40000517

Abstract

This paper analyzes the impact of a general rise in price levels (inflation) on the building industry, especially building material costs and wage levels. The effects of inflation on demand for built space are also discussed. Processes that allow designers, contractors and owners to take account of inflation in decision-making are examined.

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