AN APPARAISAL OF THE EFFECT OF INFLATION ON THE DELIVERY OF CONSTRUCTION fuddle IN NIGERIA. SUMMITED BY SANUSI, AZEEZ OLUWAWEMIMO HND II QUANTITY SURVEYING REG: 093052006 A PROJECT REPORT TO subdivision OF QUANTITY SURVEYING, SCHOOL OF ENVIROMENTAL STUDIES, LAGOS STATE POLYTECHNIC IKORODU CAMPUS IN PARTIAL fulfilment FOR THE AWARD OF HIGHER NATIONAL DIPLOMA IN DEPARTMENT OF QUANTITY SURVEYING 2.10 INTRODUCTION lump has been in existence in the construction industriousness from epoch immemorial. Although, it was in significant during the stone age but in recent years has been so permanent due to proficient development, complexity of client, construction cost and variation to meet the tastes of the day. In order to understand what Inflation on construction discombobulate is, the various ways by which it present itself must be diagnosed. That is, the cause and effect on the construction project should be known. Tim McMahon (2008) define, Inflation is a persistent amplification in the level of consumer prices or a persistent decline in the purchasing power of money. In other word according to this explanation inflation is thing getting more expensive, caused by an increase in addressable currency and credit beyond the of available goods and services.
In addition, inflation is a sustained increase in the general level of price of goods and services. It is a measure of yearly increase. As inflation rises the percentage of goods and services rises. The Construction industry is an important sector of some(prenominal) national economy, since the capital investments of any country, to large extent, is based on efficiency of the sector. Inflation has proceed a chronic problem whose effects permeate the broad(a) construction Industry. Owners are not only paying for the increase cost of facility and capital but also for premiums on construction prices because of the uncertainties of inflation and its side effect. 2.11 STATEMENT OF RESEARCH PROBLEM 1. Inappropriate... If you involve to get a full essay, order it on our website:
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