Question: The CM has been tasked with calculating the construction cost of a lab project currently under design. The construction is scheduled to start in one

The CM has been tasked with calculating the construction cost of a lab project currently under design. The construction is scheduled to start in one year and has a construction duration of three years. The escalation rate is determined to be

4 % .

The escalation calculation should be

4 %

for

3

years.

4 %

for

4

years.

2 %

for

3

years.

4 %

for

2.5

years.

The CM has been tasked with calculating the

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