ABSTRACT
Whether a construction contract is unit price, lump sum, or cost-plus; whether the construction project is to be linear (i.e., concept
→
design
→
procurement
→
construction) or fast-track (i.e., design/build), the cost of construction is a major factor in all projects. The major factors that impact construction costs are materials, labor, equipment, overhead, and profit. The cost of equipment for civil engineering construction projects can range from 25 to 40% of the total project cost.
