A CRITICAL STUDY ON COST ESCALATION IN CONSTRUCTION INDUSTRY

  • S.Kanchana Associate Professor, Civil Engineering, RVS Technical Campus - Coimbatore, India
  • Anumol Sukumaran PG Student, Civil Engineering, RVS Technical Campus - Coimbatore, India
Keywords: Cost Overrun, Managerial Skills, Labour Cost, Material Cost, Contractor Performance

Abstract

Cost escalation refers to the changes occurring in cost of specific materials services in a given economy over a period of time. Construction industry is a most complicated and dynamic industry which is constantly facing uncertainties. The various factors that cause escalation in construction industry are studied and discussed in the article. The ideas suggested by researches were also analyzed and reported cost escalation can be minimized to a greater extent by carefully adopting the remedial measure.

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Published
2018-02-28
How to Cite
Kanchana, S., & Sukumaran, A. (2018). A CRITICAL STUDY ON COST ESCALATION IN CONSTRUCTION INDUSTRY. International Journal of Engineering Technologies and Management Research, 5(2), 194-197. https://doi.org/10.29121/ijetmr.v5.i2.2018.163