43 Factors affecting cost of Construction
(1)
Fluctuation in currency exchange rate-The production of basic
components requires importation of some materials, in time of downfall
in naira to dollar, we can see the effect in the immediate 100% rise in
price of cement and other materials.
(2) Dependency on foreign materials for construction-For materials gotten out of the country, determination of prices may be difficult, it will either goes up or down in most cases there is always an arbitrary rise in cost |
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