Effects of COVID 19 pandemic for price fluctuation in construction materials Sri Lanka

Abstract

The study, titled "Effects of the COVID-19 Pandemic on Price Fluctuation in Construction Materials in Sri Lanka," aims to investigate the impact of the global health crisis on the construction sector, which has seen substantial difficulties. The construction materials industry in Sri Lanka, like many other industries, has been significantly affected by the COVID-19 pandemic and its global economic repercussions. The outbreak has resulted in disruptions to the supply chain, shortages of labor, and changes in client demand. These factors have the potential to cause significant variations in costs. The outbreak has posed a substantial challenge of volatile availability and expense of construction supplies. The procurement of essential materials for construction projects is presently uncertain due to disruptions in both domestic and international supply chains. The disruption has the capacity to affect the feasibility of construction projects, escalate expenses, and result in project schedule setbacks. Researchers, legislators, and industry stakeholders are all highly interested in comprehending the magnitude and fundamental causes of the oscillations in building material costs in Sri Lanka. The research problem is highly important since there is a lack of empirical evidence that particularly investigates the influence of the pandemic on the construction materials industry in Sri Lanka. The construction materials sector in Sri Lanka lacks sufficient study on its specific features, in contrast to the abundant literature available on the worldwide economic effects of COVID-19. This research adds to the literature by closing a crucial gap in our knowledge of how covid 19 pandemic effect for price fluctuation in construction materials Sri Lanka. This study improves upon prior research by adding accuracy and context through thorough examination. Through this analysis and further research, a comprehensive model has been developed by examining the relevant literature. The academic community extensively utilized multiple regression models to evaluate hypotheses. Descriptive statistics, regression and correlation analysis, and reliability tests are among the approaches employed in the broader research. The study relied on a self-administered questionnaire and non-probabilistic convenience sampling to get to the bottom of things. SPSS was used to do statistical analysis on all 100 replies. Conclusions from this research show that "Identified Factors on Covid 19 have significant impact on Price Fluctuation”. Keywords: Global Supply Disruptions, Workforce Disruptions, Government Policy, Currency Exchange Rat