International construction cost comparisons

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Book Chapter

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Best, R., & Meikle, J. (2015). International construction cost comparisons. In R. Best, & J. Meikle (Eds.), Measuring construction: Prices, output and productivity (pp. 26-42). Abingdon, United Kingdom: Routledge.

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Copyright © 2015 The authors.

2015 HERDC submission




Extract: Comparisons of the cost of construction across national boundaries have been routinely undertaken for many years for a variety of purposes. For clients, the reason may be as simple as wanting to know how much it will cost them in their own national currency to build a facility in another country; for governments and other agencies, it may be about how competitive their industry is in a global marketplace. For example, in 1949, a UK group, the Building Industry Productivity Team, visited the US (Anglo-American Council on Productivity 1950). A primary purpose of the visit was to compare the cost of construction in the two countries, which they did by comparing the cost of buildings of similar size used for similar purposes.

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