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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.

Produktbeschreibung
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.
Autorenporträt
A. A. Lawrence is a results-oriented Project Manager with a PMP certification from PMI. With extensive experience in leading cross-functional teams and delivering projects on time and within budget, he excels in project planning, resource management, and stakeholder engagement. Adeiza has got a strong communication and problem-solving skills.