Construction costs spike. (third quarter of 2002).The Turner Corporation announced last week that construction costs in the third quarter of 2002 are projected to increase 0.16% from the second quarter of 2002. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Turner Building Cost Index, the third quarter 2002 index will increase to 619, one point above the second quarter of 2002 and 0.81% above the third quarter 2001 index of 614. According to Karl Karl. For German and Swedish kings thus named, use Charles. F. Almstead, the Turner vice president responsible for the Building Cost Index: "In general, the market appears to be finding an equilibrium equilibrium, state of balance. When a body or a system is in equilibrium, there is no net tendency to change. In mechanics, equilibrium has to do with the forces acting on a body. . The competitive market forces are offset by a slight upward pressure of increases in labor and materials labor and materials (time and materials) n. what some builders or repair people contract to provide and be paid for, rather than a fixed price or a percentage of the costs. . The industry is maintaining a cautious optimism, even though many market segments have not yet rebounded significantly. Several sectors, such as education and healthcare, have remained strong." |
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