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Urban Studies and Planning Commons

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Selected Works

Selected Works

Rick Best

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Full-Text Articles in Urban Studies and Planning

Comparing Project Costs Internationally: Methodology And Data Issues, Rick Best Jul 2014

Comparing Project Costs Internationally: Methodology And Data Issues, Rick Best

Rick Best

It is not uncommon to see or hear statements that suggest that the cost of a project in one country is some multiple of the cost in another. Whether the claim is that it is more or less costly is irrelevant – the fact is that such statements are often meaningless yet governments and clients are all too ready to accept such claims and act on them in their decision-making. In some cases relative cost, however poorly calculated, is used as the basis for conclusions regarding relative productivity in industries such as construction. Arriving at truly comparable costs between countries is ...