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Conceptual Estimation of Construction Costs Using the Multistep Ahead Approach
Publisher: American Society of Civil Engineers
Abstract: Providing accurate forecasts of construction costs at the conceptual phases of building projects is vital since they form an objective benchmark for the subsequent evaluation of project performance. Previous works adopted ...
Residential Building Projects: Building Cost Indicators and Drivers
Publisher: American Society of Civil Engineers
Abstract: Time and costs are considered to be substantial success factors of building construction projects. In Germany, early cost estimates are provided by multiplying the cost indicator with the gross floor area. When preparing ...
Drivers for Cost Estimating in Early Design: Case Study of Residential Construction
Publisher: American Society of Civil Engineers
Abstract: This paper proposes the use of a series of independent variables for an early estimation of the building construction cost of residential buildings. Based on 70 German residential properties, these variables serve as the ...
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