Recent orders
Wholesale Price Index (WPI)
or Consumer Price Index (CPI). Unfortunately
cost escalation is a change in the initial budget of various goods or services of a given economy in a certain period. In construction projects
it refers to the additional amount of money required to execute and construct a project over the primary budget. Cost escalation occurs if the actual costs exceed the previous estimates. Escalation and inflation are almost similar except that escalation is for a particular item or a group of items in a project. For a long period
whether public or private
has a long history in almost all global projects. These escalations lead to an overrun of the initial budgets and a delay in the completion date. Many studies and researches have recognized factors that lead to increased project cost. After deep investigation of the previous literature review