In: Economics
Using Engineering News Record (ENR), graph the construction cost index (CCI) (y-axis) vs. time from 2001-2011. 4 points per year - equally spaced. ENR is a weekly magazine. You will find the CCI in a section called Construction Economics and in the older issues a section called Market Trends. (Neatness Counts!) Assume a project cost $400,000 in February 2012 - How much would this project cost in : Feb 2013 Mar 2015 May 2017 Jan 2019 Feb 2025 (projection) List 5 reasons why the actual cost may vary from your estimate.