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Construction costs down as oil price plummets

By: Language: English Series: Construction News ; (7100) 15 January 2009, 18-19 (2)Publication details: 2009Subject(s): Summary: Reports construction costs of December 2008. Explains that building costs are 10.4 % lower as oil price reduces. Material costs fell by 12.2% in the third quarter of 2008. Labour costs decreased by 3.7%. Provides costs of construction: mean materials and labour prices of December 2008 and regional prices.

Reports construction costs of December 2008. Explains that building costs are 10.4 % lower as oil price reduces. Material costs fell by 12.2% in the third quarter of 2008. Labour costs decreased by 3.7%. Provides costs of construction: mean materials and labour prices of December 2008 and regional prices.