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compare the forecasts published by the Building Cost Information Service and Davis, Langdon & Everest systems and simulated … quarters forecast horizon and the Building Cost Information Service system gives the most accurate forecasts for a four to …This paper examines the relative performance of three different systems of forecasting movements in macro building …
Persistent link: https://www.econbiz.de/10009437510
This paper reports on a recent study aimed at identifying the key factors influencing the development of the construction industry. From a list of 62 variables identified in earlier studies, a questionnaire survey was conducted. This quantitative study elicited views from 76 respondents and...
Persistent link: https://www.econbiz.de/10009437461
forecasts are needed in advance of the likely value of these payments. A database of previously completed contracts and payments …) Kenley-Wilson, (3) Berny-Howes, (4) cumulative logistic, (5) cumulative normal, and (6) cumulative lognormal. The forecasts … the available database and hence forecasts for future expenditure flows. An example is provided for an actual 27 …
Persistent link: https://www.econbiz.de/10009437512
forecasts of specific current construction contracts. Designers' construction price forecasting, a function often undertaken by …
Persistent link: https://www.econbiz.de/10009437538
An analysis is described of a sample of pre-bid forecasts for 181 Singapore building contracts awarded between 1980 and …
Persistent link: https://www.econbiz.de/10005438603
-rate method ever devised for early-design-stage tender price forecasts. However, the method is seldom used in practice partly … forecasts than the MJSEM and floor area models, leading to the conclusion that RMASEM may be the best model. …
Persistent link: https://www.econbiz.de/10009483259
Typical measures of goodness of construction price forecasts are the mean and standard deviation, coefficient of … also suggests that the functional form varies between building types, with Commercial and Residential being the most …
Persistent link: https://www.econbiz.de/10009483260
Typical measures of goodness of construction price forecasts are the mean and standard deviation, coefficient of … also suggests that the functional form varies between building types, with Commercial and Residential being the most …
Persistent link: https://www.econbiz.de/10005269030
-rate method ever devised for early-design-stage tender price forecasts. However, the method is seldom used in practice partly … indication of the improvement achieved. It is shown that the RMASEM provides significantly more consistent forecasts than the …
Persistent link: https://www.econbiz.de/10005269049
underlying trend. Assuming similar characteristics of the data from previous studies, equivalent average ratios are estimated and … plotted, confirming Ng et al.'s visual appearance of a possible downward trend. However, the statistical analysis is …
Persistent link: https://www.econbiz.de/10009277647