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Future Costs and Their Effects on Engineering Budgets
In periods of rapidly changing construction costs many essential projects fail to go ahead because budgets are insufficient to cover the cost. This is particularly applicable to the postwar period. Appropriations made in 1940, after which other than war-related construction was practically suspended, are totally inadequate to cover costs in 1946 when restrictions were lifted and work could proceed. Budgets prepared in 1946 will likewise be inadequate unless they are made after consideration of the impact of wage adjustments, increased material costs, and government policies.
Future Costs and Their Effects on Engineering Budgets
In periods of rapidly changing construction costs many essential projects fail to go ahead because budgets are insufficient to cover the cost. This is particularly applicable to the postwar period. Appropriations made in 1940, after which other than war-related construction was practically suspended, are totally inadequate to cover costs in 1946 when restrictions were lifted and work could proceed. Budgets prepared in 1946 will likewise be inadequate unless they are made after consideration of the impact of wage adjustments, increased material costs, and government policies.
Future Costs and Their Effects on Engineering Budgets
Howson, Louis R. (author)
Transactions of the American Society of Civil Engineers ; 112 ; 701-710
2021-01-01
101947-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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