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News & Press: 2017 News Items

International Construction Market Survey 2017

Thursday, 10 August 2017   (0 Comments)
Posted by: Bert vd Heever
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Turner & Townsend’s International Construction Market Survey 2017, a major data-led study of construction costs in 43 global markets gives an in-depth snapshot of construction costs – and what’s driving them – around the world.

It measures average input costs and calculates the average cost per m2 of building a range of construction projects, including high-rise apartments, city centre offices, hospitals, schools, warehouses and shopping malls.

All local construction costs have been converted into US dollars to allow accurate cost comparisons to be made between construction markets in widely diverse economies.  The report also uses the Purchasing Power Parity methodology to determine the relative value of different currencies, and location factor approach, which takes into account factors such as labour productivity, market heat and tender margins.

Turner & Townsend is a B-BBEE Level 1, global and independent professional services company specialising in programme management, project management, cost management and consulting across the property, infrastructure and natural resources sectors.

Click here to gain access to  ICMS 2017