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Standard Deviation of Bids for Construction Contract Auctions
Publisher: ASCE
Abstract: Previous research has confirmed that the distribution of bids for construction auctions can be reasonably modeled with Lognormal distribution. The location parameter of this distribution (the mean μ) has been found to have ...
Forecasting Accuracy of In-Progress Activity Duration and Cost Estimates
Publisher: ASCE
Abstract: When a project activity has already started, tracking information such as percentage complete and current activity duration and cost can be easily retrieved. This information can be used to update the project schedule to ...
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