Research Article
Jan 1947
Future Costs and Their Effects on Engineering Budgets
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VIEW THE REPLYPublication: Transactions of the American Society of Civil Engineers
Volume 112, Issue 1
Abstract
In periods of rapidly changing construction costs many essential projects fail to go ahead because budgets are insufficient to cover the cost. This is particularly applicable to the postwar period. Appropriations made in 1940, after which other than war-related construction was practically suspended, are totally inadequate to cover costs in 1946 when restrictions were lifted and work could proceed. Budgets prepared in 1946 will likewise be inadequate unless they are made after consideration of the impact of wage adjustments, increased material costs, and government policies.
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© 1947 American Society of Civil Engineers.
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Published in print: Jan 1947
Published online: Feb 10, 2021
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Louis R. Howson, M.ASCE
Cons. Engr., Alvord, Burdick and Howson, Chicago, III.
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