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A spokeswoman said no city agency was responsible for verifying construction expenditures on the refinanced projects.
Also, with the effect of the economic multiplier, several times the annual construction expenditures would flow into the city's economy.
Construction expenditures are higher than ever, but the volume of space being built is still well below the levels of 1989-90.
I conducted research with Carlos Yu that looked at the construction expenditures of the Isthmian Canal Commission and compared them with the initial cost-estimates presented to Congress.
The Commerce Department, in a separate report, said new construction expenditures in July were at an annual rate, seasonally adjusted, of $87.7‐ billion, down from the revised figure of $88.5‐billion in June.
The items considered in NPW are only construction expenditures and payments received after completion of projects.
Similar(42)
This shortcoming not only increases the construction expenditure unnecessarily but also impacts the engineering stability.
The breakdown expenditure shows that the majority of the budget is allocated to construction activities; construction expenditure for compost, AD and incineration constitute up to 30, 40 and 60% of the total expenditure, respectively.
Euratom is no doubt also thinking about the cost of keeping a large facility like JET running while the €16 billion ITER is at the peak of its construction expenditure.
Building Expenditure?
Likewise, business construction or plant expenditures loomed large in the earlier period as an object of business investment compared to the recent era.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com