The construction industry involves an engagement with various stakeholders, is a highly capital-intensive industry and sensitive to the economic changes. The economic changes have made it harder for managers to effectively manage costs of the material and projects. Volatility makes previously quoted prices for long term projects become untenable at prevailing prices. Managers have to use flexible budgeting and pricing such that costing changes with prevailing economic situations while also allocating a margin on the costs to cushion against the economic changes. When securing financing, it will also be prudent to allow a margin instead of securing the exact amounts for long term projects. The legal political changes impact manager as they have to incur additional compliance costs when new changes are made. The compliance also complicates the process, take longer to achieve and reduce flexibility available to the implementation of projects. Such changes may include environmental, designing, zoning and amenities specifications. It is vital for managers to employ the services of legal experts in such area to have the right and correct interactions that would ensure prompt compliances. Managers in other industries, the economic, legal and the technologies environments would require immediate adaptation, planning and preparations. The volatility in economic indicators would have a negative impact across please do comments on this article