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A new platform offers a solution to construction cost overruns

November 30, 2017

The Bonita Springs (Fla.) High School will cost $14 million more than its original $50 million to complete. Rising costs of construction materials and labor are driving this overrun.

New York City’s School Construction Authority is over budget on more than half of its current projects by an aggregate of at least $300 million, including the construction of an annex to Public School 303 in Queens whose costs have nearly doubled to $98.6 million, from its initial budget of $53.9 million.

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