Forecasting Construction Costs with Commodity Futures

by Benjamin E. Lazar, (M.ASCE), Assoc. Prof. and Head; Construction Program, Coll. of Tech., Univ. of Houston, Houston, Tex.,
Philip Getson, Commodity Specialist; Merrill Lynch Pierce Fenner & Smith, Inc., Chicago, Ill.,

Serial Information: Journal of the Construction Division, 1977, Vol. 103, Issue 3, Pg. 381-386

Document Type: Journal Paper


The writers are suggesting the possibility of forecasting the future cost of construction projects by employing commodity future quotes. The Construction Industry with its over –100 billion construction volume per year is highly volatile and future markets for materials employed in construction would contribute to the stability of construction costs. The time has come when commodity quotes can and will be employed more and more for estimating future construction costs.

Subject Headings: Construction materials | Forecasting | Construction costs | Construction industry

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