ANALYSIS OF RISK FACTORS IN CHANGES IN CONSTRUCTION COSTS
This paper presents the formation of construction costs and the risk factors influencing price changes in the construction of a residential-commercial building for the market, "Lamela B1," in Banovići. The building consists of a basement, ground floor, and five floors, with a planned construction period of 16 months.The study includes an analysis of labor and material costs, as well as risk factors that affect construction price fluctuations, in accordance with market demands and the surrounding conditions specific to the construction site. All relevant influences on market price formation have been identified, along with potential price changes and a risk analysis of cost variations during construction.The most significant challenges arise in aligning planned construction costs with actual expenditures and assessing their overall impact on the project. The aim of this research is to demonstrate, through a specific case study and within the context of the surrounding conditions, the importance of improving existing planning and project management processes in high-rise construction by applying scientific and professional methodologies. Keywords: cost, construction, planning, risk, environment