Tag: Construction Costs
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Federal Inmate Hospital Cost Estimate Surges to $1.3B in New Brunswick
Rising costs redefine the scale of a federal inmate hospital project The project to build a new hospital facility for inmates within Canada’s federal system has seen its price tag surge to an estimated $1.3 billion, more than tripling the initial public estimate. First disclosed in 2021 at roughly $400 million, the updated figure reflects…
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Latvia Construction Costs Rise 2.1% Year-on-Year: What’s Driving the Surge
Overview: Latvia’s Construction Costs Edge Up 2.1% Year-on-Year Latvia’s construction costs continued to climb in the latest year, posting a 2.1% increase compared with September 2024. While prices for building materials edged up only slightly by 0.2%, the main drivers of the rise were shifts in labour remuneration and machinery costs. The newest data paint…
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Latvia’s Construction Costs Rise 2.1% Year-on-Year in Q3 2025 Driven by Labour Remuneration
Overview: Construction Costs in Latvia Climb 2.1% in Q3 2025 Latvia’s construction sector continued to face upward pressure in the third quarter of 2025, with the overall level of construction costs rising by 2.1% compared with the same period in 2024. The main driver of this increase was higher labour remuneration, particularly for workers involved…
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Latvia Construction Costs Up 2.1% YoY: Key Drivers and Implications
Latvia Construction Costs Edge Higher in 2025 Construction costs in Latvia increased by 2.1% on a year‑on‑year basis in September 2025, marking a continued uptick as the industry navigates tighter margins and evolving project economics. The latest statistics highlight where the pressures are most pronounced and how different cost components are contributing to the overall…
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Cement Prices in Pakistan Edge Mixed Across Regions
Overview: Mixed Cement Price Trends Across Pakistan The Pakistan Bureau of Statistics (PBS) released its weekly data on cement prices for the week ending October 2, 2025, showing a mixed regional picture. While the national average for a 50-kg bag suggests stability, price movements across northern and southern markets reveal heterogeneity driven by supply dynamics,…
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Cost Analysis of Building a 2BHK Flat in India
Introduction Building a home is a significant milestone for many individuals and families in India. Recently, the Indian government has reduced GST rates on several construction materials, making it a more affordable endeavor. This article will explore the cost involved in constructing a 60-gaj (approximately 540 sq. ft.) 2BHK flat, focusing on the materials required…