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contributor authorRifat Sonmez
contributor authorArif Ergin
contributor authorM. Talat Birgonul
date accessioned2017-05-08T21:11:58Z
date available2017-05-08T21:11:58Z
date copyrightJanuary 2007
date issued2007
identifier other%28asce%290742-597x%282007%2923%3A1%2835%29.pdf
identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/42473
description abstractThis paper presents a quantitative methodology to determine financial impacts of the risk factors during the bidding stages of international construction projects. Project and country data of 26 construction projects from 21 countries were collected for evaluation of the international risk factors. The factors impacting cost contingency were identified using correlation and regression analysis techniques. The results indicated that four factors had major contributions for explaining the variations in the contingency levels. A regression model including the significant factors was developed to support bidding contingency decisions. The methodology presented provides a robust and practical statistical approach for determination of contingency by focusing on important risk factors. Details regarding model development and validation are presented along with a discussion on study limitations.
publisherAmerican Society of Civil Engineers
titleQuantiative Methodology for Determination of Cost Contingency in International Projects
typeJournal Paper
journal volume23
journal issue1
journal titleJournal of Management in Engineering
identifier doi10.1061/(ASCE)0742-597X(2007)23:1(35)
treeJournal of Management in Engineering:;2007:;Volume ( 023 ):;issue: 001
contenttypeFulltext


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