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Mar 13, 2017· So, just as a farmer checks his crops, we rigorously monitor circumstances that impact steel prices. Some key factors to monitor include: Supply and Demand. As with any commodity, supply and demand is a huge factor that determines steel prices. The higher the demand, the lower the supply, the higher the price.
of profit are the most significant factors that highly influence tender price of construction works and consequently affect the success rate of contractors in competitive bidding. Project definition and construction plan have least influence on contractors' tender price.
of factors that may affect building construction projects cost estimating. Elements of Cost Estimating 1) Direct Cost: Costs of completing work that are directly attributable to its performance and are necessary for its completion. In construction, the cost of installed equipment, material, labor
Construction machinery can be just as exciting to own as it is to watch. Here are three names you should be looking at in 2017. 3 Top Construction Machinery Stocks to Buy in 2017 The Motley Fool
Construction Risk Management Institutional owners of major construction projects are faced with a series of critical issues. For many institutions, capital expenditures are reaching an all time high, and represent a potential substantial risk in nearly all aspects of project delivery.
The concept of the study is hinged on the basis that the increasing levels in the prices of building materials can be determined by factors such as energy costs, inflation, raw materials and input costs, transport costs, import duties, demand, supply, exchange rates, crude oil prices and market conditions.
1. Factors Affecting Selection of Construction Equipment ... Mechanisation Advantages of Mechnisation: • Use of appropriate equipment eliminates human errors and ensures superior quality of work consistently • Speedy construction avoids time and cost overruns. Facility available for usage earlier. This preview has intentionally blurred sections.
How Is the Construction Industry Affected by Lower Oil Prices? Plunging prices for crude oil have lowered costs for many Americans, particularly at the gas pump. But lower oil prices may also affect the construction industry in both positive and negative ways.
factors on building material prices. This research has revealed that inflation rate, exchange rate, import, interest rate and money supply were the most critical indicators affecting the prices of building materials. It also revealed that demand for imports, inflation rate, government economic policies,
CONSTRUCTION SITE LAYOUT PLANNING 1. Introduction Most construction sites that run into trouble do so for reasons related to managerial factors rather than because of technical problems. The sitebased management can make significant improvements in the cost and time savings during the construction process without involving a mass of additional work.
The importance of the influence of economic, social and cultural characteristics underpinned by the unique supply chain industrial structure of the construction sector for the diffusion of ebusiness technologies in the construction industry is investigated.
There will also be a change in the models of supply and demand in the economy. Economic factors mainly include, economic growth, foreign exchange rates, patterns, inflation rates, etc. Social Factor. Social factors scrutinize all the events that may affect the market and the community socially.
Historically, construction equipment prices have increased about 5 percent per year for the past 20 years. This escalation in price is because of factors such as inflation, new technology, market conditions, and changes in taxation laws. Although an estimate of the escalation amount can be found, it is almost
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Over the medium term a number of overarching factors are likely to affect demand for construction. These include: globalisation, demographic changes, demand for green and sustainable construction, both in the UK and abroad, increasing importance of technology in construction and growing demand from emerging economies such as China and Brazil.