Megaprojects Need More Study Up Front To Avoid Cost Overruns
Keywords: analysis, government, engineering news-record, costs, ENR, equipment & materials, management, construction methods
Full Article Price:
$4.95
Delivery: Immediate Online Access
Publication Date: 15-JUL-02
Format: XML document
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Article Description| More independent project appraisals are needed in order to end abuses leading to cost overruns found in 90% of megaprojects in 20 countries, according to new research published internationally July 8. Deliberate deception by project sponsors causes most cost hikes, averaging 28%, claim the Danish-led investigators. |
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