Building development cost drivers

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The study investigates the intricate factors influencing building development costs, addressing a significant knowledge gap that leads to estimation inaccuracies and poor cost management. By developing a multilevel model, it explores the causal relationships among key drivers such as project characteristics, stakeholder influences, market dynamics, and regulatory factors. Utilizing insights from literature and industry surveys, the research employs a mixed methods design to identify and measure indicators related to these latent constructs, aiming to enhance understanding and improve project cost performance.