The "Libyan Price Book" is not just a list of numbers; it is a standardized methodology for measuring and pricing construction work. In the Libyan construction industry, the standard is historically known as the , often referred to colloquially among engineers as the "Red Book" or "The Red Balance" ( Al-Mizan Al-Ahmar ).
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When engineers search for they are usually looking for the latest official decrees or updates issued by the Libyan Ministry of Housing and Utilities or the General Authority for Construction regarding these standard prices. The "Libyan Price Book" is not just a