Solved

An Industrial Engineer, Who Was Formerly a Real Estate Developer

Question 3

Essay

An industrial engineer, who was formerly a real estate developer, wants to estimate the construction costs of an apartment complex that he recently acquired. He gathered the following information: An industrial engineer, who was formerly a real estate developer, wants to estimate the construction costs of an apartment complex that he recently acquired. He gathered the following information:   If the total construction cost of the similar property was $2.5 million in the reference year, what is his estimated construction cost in the current year? If the total construction cost of the similar property was $2.5 million in the reference year, what is his estimated construction cost in the current year?

Correct Answer:

verifed

Verified

Related Questions