Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Chapter 13, Problem 4RQE
To determine
Calculate the effective interest rate using the architect’s estimate cost.
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In January of 2018, the appropriate construction cost index had a value of $4,260. In January of 2005, the value was $2,746. In January 2010 you received a bid for a structure of 7.25 million. Another building (virtually identical) is planned for a bid opening in January 2020. Estimate the new building bid.
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Construction Management
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