A review of the cost estimation issues in the tender preparation process in construction industry

Ahmad, Normila, Osman-Schlegel, N. Y. and Elkadi, Hisham 2012, A review of the cost estimation issues in the tender preparation process in construction industry, in ICCIDC-111 : Proceedings of the Third International Conference on Construction in Developing Countries 2012, East Carolina University, Greenville, N. C., pp. 154-160.

Attached Files
Name Description MIMEType Size Downloads

Title A review of the cost estimation issues in the tender preparation process in construction industry
Author(s) Ahmad, Normila
Osman-Schlegel, N. Y.
Elkadi, Hisham
Conference name Construction in Developing Countries. Conference (3rd : 2012 : Bangkok, Thailand)
Conference location Bangkok, Thailand
Conference dates 4-6 Jul. 2012
Title of proceedings ICCIDC-111 : Proceedings of the Third International Conference on Construction in Developing Countries 2012
Editor(s) Ahmed, Syed M.
Farooqui, Rizwan
Azhar, Salman
Shah, Attaullah
Lodi, Sarosh H.
Smith, Norma A.
Publication date 2012
Conference series Construction in Developing Countries. Conference
Start page 154
End page 160
Total pages 7
Publisher East Carolina University
Place of publication Greenville, N. C.
Keyword(s) cost estimation issues
accuracy
construction industry
Summary Cost estimation process is undertaken to predict the total cost of the project. Studies indicate that one of the construction company failures in contracting is because of the uncertain, incorrect, and unrealistic cost estimation. Cost estimation process are heavily influenced by the complexity of the project, scale and scope of construction, market conditions, method of construction, site constraints, client’s financial position, buildability and the location of the project. However, there are other combinations factors that have not been studied thus far. Hence, this paper focuses on the review of other researchers’ findings in relation to cost estimation issues in the construction industry. Among the findings, it has been revealed that the cost estimation issues are related to accuracy, human factors, practical knowledge and insufficient cost data/information. The aim of this paper is to investigate these factors and determining other potential factors that may influence cost estimation process in the construction industry.
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 870599 Building Management and Services not elsewhere classified
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30049578

Document type: Conference Paper
Collection: School of Architecture and Built Environment
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Access Statistics: 140 Abstract Views, 7 File Downloads  -  Detailed Statistics
Created: Thu, 29 Nov 2012, 08:00:59 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.