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Although McPier is currently trying to get the project back on track, this story nonetheless demonstrates how a mismatched pricing estimate can put a major construction job on hold. Therefore, project managers would do well to work with a consulting construction cost estimator, like the pre-construction cost consultants of Vermeulens Inc., so that they can tackle similar issues as early as possible. After all, the overall price of a building isn’t entirely composed of the cost of labor and building materials; it also takes into account market conditions, building inspections, and even the preferred construction method.

Market conditions are arguably the biggest driving factor, since they determine the amount of local manpower and materials available for the project.