He estimated construction costs at $50,000.
The survey compares with the most recent official data estimating construction output dipped 0.3% quarter-on-quarter in the final three months of 2013.
By one estimate, construction, the buying, selling and renting of properties and the imputed benefits to owner-occupiers account for around 15% of rich countries'GDP.
City Hall planners estimate construction costs at €40 million, or $48.8 million, and maintenance costs at €2 million a year, and say the project could be completed in two years.
Since then, the corps has done extensive research to determine the kinds of storms that could be expected to hit the city and the level of protection necessary to meet the weather challenge, General Riley said, and to more accurately estimate construction costs as well.
A regression model is developed to accurately estimate construction costs for LNG refueling stations on the turnpike.
Kim et al. (2004) employed a back-propagation neural-network (BPNN) approach combined with genetic algorithms (GAs) to estimate construction costs of residential buildings.
Later, in the 1990s, neural networks (NNs) as a branch of artificial intelligence were employed as an alternative to estimate construction costs.
The only suitable location for a larger airport is situated near Mo i Rana and involves estimated construction costs of about NOK 1,500 million.
Information retrieved from IFC files is used in applications estimating construction cost for tendering in China (Ma et al., 2011) managing construction sites (Hu & Zhang, 2011) or evaluating design solutions (Jeong & Ban, 2011).
Since transportation projects occur within a circumscribed area, studies estimating construction effects are often based on two different theoretical models: the input-output model and economic base analysis10 [65, 72, 82, 95, 104, 106].
