THE IMPACT OF INFLATION ON CONSTRUCTION MATERIALS - AN OVERVIEW

• DOI: https://doi.org/10.22533/at.ed.3174162407069

• Palavras-chave: Cost overrun, Risk factors, Project cost, Forecast cost, Cost Management.

• Keywords: Cost overrun, Risk factors, Project cost, Forecast cost, Cost Management.

• Abstract: This study explores the challenge of managing construction costs, which can be unpredictable until the project is completed. It's crucial to consider the parameters established during the planning phase to assess the impact of costs accurately. One significant factor is the calculation coefficient, which considers inflation rates for completed work. Other parameters can arise from modifications to the project due to design and construction worker risks during execution. The calculation method involves collecting and evaluating costs from previous projects that have gone through the life cycle, resulting in considerations such as adjustments for changes to minimum wage requirements for construction workers, price increases due to inflation, and modifications related to obtaining permits and agreements. The study underscores that there will be an increase in the initial project cost until its completion. However, a thorough understanding of costs necessitates a risk analysis, other comprehensive studies, and automated calculation programs.