Abstract
Identification of cost-determinant variables and evaluation of their degree of influence play an essential role in building reliable cost models and enhance the competitive edge of quantity surveyors as well as contracting organisations. Sixty-seven variables affecting pre-tender construction cost estimates are identified through literature and interviews. These factors are grouped into six categories and a comparison analysis of their impact is conducted. Priority ranking of cost-influencing factors is carried out using a questionnaire survey commissioned amongst quantity surveyors based in the UK. Findings of this survey indicate that there is a strong agreement between quantity surveyors in ranking cost-influencing factors of construction projects. Comparisons between the outcomes of this research and other related studies are presented.
| Original language | English |
|---|---|
| Pages (from-to) | 538-545 |
| Number of pages | 8 |
| Journal | International Journal of Project Management |
| Volume | 23 |
| Issue number | 7 |
| DOIs | |
| Publication status | Published - Oct 2005 |
Keywords
- Concordance analysis
- Construction projects
- Cost-influencing factors
- Pre-tender cost estimates
- Severity index
ASJC Scopus subject areas
- Business and International Management
- Building and Construction
- Management of Technology and Innovation