location factor

Definition

Construction

  • An instantaneous (current—has no escalation or currency exchange projection) overall total project factor for translating the summation of all project cost elements of a defined construction project scope of work, from one geographical location to another. Location factors include given costs, freights, duties, taxes, field indirects, project administration, and engineering and design. Location factors do not include the cost of land, scope/ design differences for local codes and conditions, and the cost for various operating philosophies.
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