Construction cost estimators: More construction projects will be delayed or cancelled in 2018
A construction project that’s about to go through is likely to cost much more than anticipated, according to a construction industry survey.
That’s because it will likely need to be financed by a different source than what was originally estimated, the survey said.
For instance, some projects are estimated to cost as much as $50 million to $100 million.
Some construction projects may need more money to get started than the project originally envisioned, according the survey.
The survey also found that some projects that were estimated to be more than $50 to $60 million could be more expensive than they appear to be.
Some projects are now in the works, but they may not get off the ground until after the end of 2019.
The report also said the industry is seeing more delays and cancellations than expected.
A typical construction project could cost $40 million to build or more, but it could take more than a year to complete.
It could take as long as three to four years for projects to be completed, the report said.
Some estimates suggest that some of the cost overruns could be as much $60 billion to $90 billion.
Construction projects are taking longer than anticipated because of many factors, including an economy downturn, the government shutdown and more competition for contracts, according a survey by the American Association of Construction Contractors.
The group said more construction work is being delayed because of a lack of infrastructure to support construction projects.
The average construction project will cost about $100 to $120 million, the group said.
That may be a lot less than the estimates given by the industry survey, but some of those estimates are a lot higher.