Friday, July 30, 2010

How does the price of oil affect the construction industry?

Preferrably if it's based on the PhilippinesHow does the price of oil affect the construction industry?
It influences the cost of material, operations, utilities, labor and transportation.


Higher oil prices may effect the feasibility of a project.


Rising oil prices can create cost overruns.


Reduced oil prices can enable windfall profits.

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