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Rises in cost escalation forecast for Australian construction markets

Australia’s construction crisis will cost $6.2 billion in remediation and associated costs, according to new research.

According to the Rider Levett Bucknall (RLB) 4th Quarter 2018 International Report, rises in escalation are forecast for key Australian construction markets on the back of strong activity in the region. Ewen McDonald, Oceania chairman of RLB, said the Australian economy has entered its 27th consecutive year of growth, exceeding expectations and rising at the fastest …

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