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Evaluation of Price Fluctuation of Determining Materials for Total Construction Cost

Author

Listed:
  • Lucie Brozova

    (Faculty of Civil Engineering, Czech Technical University in Prague)

  • Petr Dlask

    (Faculty of Civil Engineering, Czech Technical University in Prague)

  • Zita Prostjeovska

    (Faculty of Civil Engineering, Czech Technical University in Prague)

Abstract

The preparation of many investment projects began before the pandemic and is now facing a changed situation that will affect the entire project. One of the significant factors influencing construction projects is the price growth and availability of construction materials. The effects of price changes will take shape during the construction process in the supplier's relations and will affect the project's results from the point of view of suppliers and investors. The effect of rising prices of building materials on the total construction costs for the design of an apartment building is evaluated, and the groups of materials with the largest share of the total cost are identified. Part of the analysis is the assessment of groups of materials with the highest fluctuations in prices for the period, called determined materials. For this group is appraised share in the total construction costs, and the possible effects of price increases on project implementation are discussed.

Suggested Citation

  • Lucie Brozova & Petr Dlask & Zita Prostjeovska, 2022. "Evaluation of Price Fluctuation of Determining Materials for Total Construction Cost," Proceedings of Economics and Finance Conferences 12915597, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:12915597
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    File URL: https://iises.net/proceedings/16th-economics-finance-conference-prague/table-of-content/detail?cid=130&iid=004&rid=15597
    File Function: First version, 2022
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    References listed on IDEAS

    as
    1. Eduard Hromada, 2021. "Impacts of the COVID-19 pandemic on the residential market in Prague," Proceedings of Business and Management Conferences 12713394, International Institute of Social and Economic Sciences.
    2. Emilie Jasova & Bozena Kaderabkova, 2022. "The effectiveness of government measures in the first wave of Covid-19 pandemic," International Journal of Economic Sciences, European Research Center, vol. 11(1), pages 19-36, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Total Construction Cost; Construction Material Cost; Price Fluctuation; Construction Material;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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