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Parametric Cost Estimation in Construction
This paper provides insights to the Freiman Analysis of System Technique (FAST) parametric cost estimation methodology, and explains its application. EG and G Idaho, Inc., under the direction of the Department of Energy, is the FAST Project Office with the role to assist in the evaluation, development, and implementation of the FAST models. Of the four models available, this paper will discuss the FAST-C construction model. The FAST-C model was designed to calculate costs, schedules, and risks or uncertainties for all types of civil engineering or construction projects, buildings, and utilities in either macro or micro. Improved cost accuracy in planning and conceptual construction designs is a necessity that concerns government as well as industry. With the advent of the parametric methodology being applied to the construction, we now have the capability in the early stages of design to identify unforeseen costs due to design growth and unidentified detail. (ERA citation 09:040801)
Parametric Cost Estimation in Construction
This paper provides insights to the Freiman Analysis of System Technique (FAST) parametric cost estimation methodology, and explains its application. EG and G Idaho, Inc., under the direction of the Department of Energy, is the FAST Project Office with the role to assist in the evaluation, development, and implementation of the FAST models. Of the four models available, this paper will discuss the FAST-C construction model. The FAST-C model was designed to calculate costs, schedules, and risks or uncertainties for all types of civil engineering or construction projects, buildings, and utilities in either macro or micro. Improved cost accuracy in planning and conceptual construction designs is a necessity that concerns government as well as industry. With the advent of the parametric methodology being applied to the construction, we now have the capability in the early stages of design to identify unforeseen costs due to design growth and unidentified detail. (ERA citation 09:040801)
Parametric Cost Estimation in Construction
C. J. Wilson (Autor:in)
1984
4 pages
Report
Keine Angabe
Englisch
Construction cost analysis and estimation
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