The review was prepared to document one of the most significant external factors -- prices -- affecting Metro costs. It now appears that escalation will represent about 40 to 45 percent of the total system cost. Prices of commodities (steel, concrete, asphalt) and labor (wage rates) during this period have responded to international, national, and local economic changes. The foreign oil embargo has seriously increased prices of some commodities. National price controls favorably affected costs on some commodities but since decontrol the prices of these commodities have drastically risen. Local craft labor wage rates, also controlled until April 30, 1974, now are keeping pace with the acceleration of commodity prices.


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    Title :

    Six-Year Commodity and Labor Price Movement Review, 1969 - 1974, Metrorail


    Publication date :

    1974


    Size :

    59 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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