Uncertainty complicates cost planning on major projects
A new report finds cost escalation planning on major Australian construction projects remains difficult due to ongoing uncertainty. No specific causes or solutions are detailed.
Why is it so hard to plan for cost blowouts on major construction projects in Australia?
Affects builders and contractors bidding on large projects. Unpredictable costs make it harder to price jobs accurately and protect margins.
Key takeaways
- Cost escalation on major Australian construction projects remains hard to predict, per a new report.
- Uncertainty is the key factor making budget planning difficult for contractors and project managers.
- No specific remedies or timelines are outlined in the report's findings.
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