A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The accuracy and monitoring of quantity surveyors' price forecasting for building work
This paper examines the performance of two public sector quantity surveying departments when forecasting the lowest tender price for proposed projects at the design stage. The reliability of any price forecast is dependent upon professional skill and judgement and the availability of historical price data derived from completed projects. The quantity surveyor also requires an effective feedback mechanism that provides information on the accuracy of previous forecasts. A simple feedback mechanism is developed in this paper which can be used to assess forecasting performance and give an early warning of bias and identify any patterns that may emerge.
The accuracy and monitoring of quantity surveyors' price forecasting for building work
This paper examines the performance of two public sector quantity surveying departments when forecasting the lowest tender price for proposed projects at the design stage. The reliability of any price forecast is dependent upon professional skill and judgement and the availability of historical price data derived from completed projects. The quantity surveyor also requires an effective feedback mechanism that provides information on the accuracy of previous forecasts. A simple feedback mechanism is developed in this paper which can be used to assess forecasting performance and give an early warning of bias and identify any patterns that may emerge.
The accuracy and monitoring of quantity surveyors' price forecasting for building work
Flanagan, Roger (author) / Norman, George (author)
Construction Management and Economics ; 1 ; 157-180
1983-01-01
24 pages
Article (Journal)
Electronic Resource
English
The accuracy of quantity surveyors' cost estimating
| Taylor & Francis Verlag | 1984
Computers and quantity surveyors
| Tema Archive | 1989