Abstract: In the mid-1970s the

Abstract: Estimates of materials, time, and costs provide information to some construction decisions in a similar way that financial accounting information provides to others. Financial statements are required to comply with generally ...

Abstract: A direct solution technique determines optimum markup for competitive construction bids using either lowest opposing bid models or average opposing bid models. A graphical representation helps explain the technique. Lowest ...

Abstract: Methods of analyzing competitive bidding have treated construction projects as isolated elements to be optimized without regard to availability of work or other opportunity costs. This paper shows how resource restraints ...

Abstract: This paper demonstrates detailed schedule‐ and cost‐control relationships at the activity/cost‐account level using generic microcomputer software to budget, track, and control projects. Time variances are introduced to ...

Abstract: Construction engineering and management (CE&M) is successful, and it continues to grow and evolve. The construction industry is working hard to improve and CE&M is a leader in that effort. There is much still to do. And ...

Abstract: A contractor seeking the highest expected value from each competitive bid will lower the markup, as the number of competitors increases. The contractor's competitors can be expected to do likewise, and their adjustments ...

Abstract: The Construction Congestion Cost System (CO

Abstract: The Construction Congestion Cost System (CO

Abstract: This paper describes the typical pragmatic approach that construction planners taken in performing time‐cost trade‐off (TCT). In general, projects have major dominant characteristics, operations, or resources whose planning ...