“Cost Escalation In Development Of Residential Projects: Empirical Evidence Of Sources”

Abstract

Infrastructure costs can consist of both construction and any related cost. Based on the preference in conjunction with the size of the project, the estimates are calculated. But in today’s scenario the infrastructure projects are delayed due to various reasons, because of which the cost escalates for both contractors and clients. Budget management is one of the important stages to understand the various factors that contribute to cost escalation like time factors, site management factors and general factors. The researcher has attempted to measure the significance of various factors and their impact on cost escalation.  The significance is measured by collecting 145 responses of developers/project managers/consultants from Bangalore by adopting multistage, proportionate stratified random sampling method. The researcher concluded the study by understanding the various attributes that develop and manage the site under construction of residential infrastructure.