International Journal of Advanced Science and Engineering Research
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e-ISSN 2455-9288
alameenpublications@gmail.com
e-ISSN 2455-9288
ijaser
IJASER publishes high-quality, original research papers, brief reports, and critical reviews in all theoretical, technological, and interdisciplinary studies that make up the fields of advanced science and engineering and its applications.
he construction industry is the second largest industry in India after agriculture. Over the past
few years the construction industry has been facing several problems due to rapid increase in the price of
construction materials, labour, interest charges and equipment cost. Rate escalation is defined as changes in
the cost or price of specific goods or services in a given economy over a period. In order to cope up with the
sudden price changes the provisions regarding contract price escalation should be rearranged systemically.
This paper focuses on the obtaining the rate of Cost escalation in Infrastructure for past years and forecasting
escalated cost for various building materials and labour for the upcoming years This project includes a
research regarding the reasons behind cost escalation and the measures to mitigate it.