Synopses & Reviews
Cost models underlie all the techniques used in construction cost and price forecasting, yet until relatively recently industry has been unfamiliar with their characteristics and properties. An understanding of the various types of cost model is vital to enable effective cost control and the development of future forecasting techniques.
This volume brings together more than 20 seminal contributions to building cost modelling and introduces the major landmarks in progress and thinking in this field:
* strategies and directions
* explorations in cost modelling
* cost-product/process modelling
* dealing with uncertainty
The strong techniques bias of this book will appeal to construction professionals involved in estimating, as well as researchers and students of building economics.
Synopsis
Cost models underlie all the techniques used in construction cost and price forecasting. An understanding of the nature and relevance of the various types of models is vital to the success of forecasting the financial implications of different design decisions and to the effectiveness of cost control. This series of readers presents the extant knowledge by assembling the seminal papers written to date in the field of building economics.
Description
Includes bibliographical references (p. [495]-506) and index.
Table of Contents
Building cost research : need for a paradigm shift? / P.S. Brandon -- Models in building economics : a conceptual framework for the assessment of performance / J. Raftery -- A future for cost modelling / D.T. Beeston -- Developments in contract price forecasting and bidding techniques / R.M. Skitmore and B.R.T. Patchell -- An agenda for cost modelling / S. Newton -- The relative performance of new and traditional cost models in strategic advice for clients / C. Fortune and M. Lees -- A new approach to single price rate approximate estimating / W. James -- Predesign cost estimating function for buildings / V. Kouskoulas and E. Koehn -- Some examples of the use of regression analysis as an estimating tool / R. McCaffer -- Cost optimisation of buildings / A.D. Russell and K.T. Choudhary -- Predicting the tender price of buildings in the early design stage : method and validation / R. McCaffer, M.J. McCaffrey and A. Thorpe -- An investigation into building cost relationships of the following design variables : storey height, floor loading, column spacing, number of storeys / Wilderness Group -- The relationship between construction price and height / R. Flanagan and G. Norman -- Cost performance modelling / T. Maver -- The effect of location and other measurable parameters on tender levels / I. Pegg -- Cost consequences of design decisions : cost of contractors' operations / D.T. Beeston -- General purpose cost modelling / L.G. Holes and R. Thomas -- Simulation applied to construction projects / J. Bennett and R.N. Ormerod -- Cost modelling : a process modelling approach / P.A. Bowen, J.S. Wolvaardt and R.G. Taylor -- Automatic resource based cost-time forecasts / V.K. Marston and R.M. Skitmore -- One statistician's view of estimating / D.T. Beeston -- Accuracy in estimating / A. Ashworth and R.M. Skitmore -- The accuracy of quantity surveyors' cost estimating / N. Morrison -- Experiments in probabilistic cost modelling / A.J. Wilson -- The accuracy and monitoring of quantity surveyors' price forecasting for building work / R. Flanagan and G. Norman.