Iran conflict and impact of new regulations set to see project costs rise, Arcadis says
Summary
Arcadis says project costs are likely to rise due to the Iran conflict and the continuing impact of new regulations. The consultant also warns that a recent peace deal should not be assumed to end the wider effects on jobs and project delivery.
Why it matters
Rising project costs can affect viability, budgets and valuation assumptions across residential development and refurbishment work. Surveyors may need to factor in cost inflation and regulatory pressures when advising clients on schemes and risk.
Key points
- Arcadis expects project costs to increase.
- The Iran conflict is cited as a contributing factor.
- New regulations are also expected to add cost pressure.
- A peace deal is not seen as ending the wider impact on jobs.
Organisations:
Arcadis, Building Magazine
Locations:
Iran
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