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Cost Contingency and Cost Evolvement of Construction Projects in the Preconstruction Phase
Publisher: ASCE
Abstract: The current literature discusses the methods to estimate the costs and cost contingency. The literature also distinguishes “known unknowns” and “unknown unknowns” contingencies. Little is written, however, about the ...
Incorporating Project Complexities in Risk Assessment: Case of an Airport Expansion Construction Project
Publisher: ASCE
Abstract: In today’s construction projects, which are getting more complex as a consequence of especially technical, organizational, and external aspects, complexities are considered a major source of risks. Moreover, risks may turn ...
Breakdown of Engineering Projects’ Success Criteria
Publisher: ASCE
Abstract: This paper presents the findings from a study of the breakdown of project success criteria. An exploration of the evolution of studies on the success of engineering projects over decades was the basis for a project success ...
Cost Performance and Cost Contingency during Project Execution: Comparing Client and Contractor Perspectives
Publisher: ASCE
Abstract: Current literature shows that poor cost performance in projects has become routine. Research on cost performance has mostly focused on one of the involved parties, either the client or the contractor. Not many research ...
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