Accurate prediction of material costs is essential for proper management and budgeting of
construction projects. Material price fluctuation is one of the most important contributors to …

As large-scale building projects increase in frequency, their construction costs become a
matter of great concern, especially because of their lengthy construction periods. In …

Completing a project within the planned budget is the bottom-line of construction
companies. To achieve this goal, periodic cost estimation is vitally important not only in the …

Adequate cost estimation at the planning phase is an integral part of a construction project's
success. Many uncertainties disturb the planners' initial estimations and lead to cost …

Accurate cost forecasting in budget planning and contract bidding is crucial for the success
of construction projects. Linear models such as the autoregressive integrated moving …

Estimating construction costs and predicting price escalation are major steps for project
owners, estimators, and contractors. The construction costs are always subject to …

Purpose This study aims to propose the adoption of artificial neural network (ANN)-based
prediction intervals (PIs) to give more reliable prediction of labour productivity using …

Abstract Changes in construction materials prices have a great impact on the cost of
construction projects. Such changes in prices occur randomly at different rates over time …

This paper presents a vector error correction (VEC) model for use in forecasting the short-
and long-term prices of construction materials. This model characterizes the relationship …

ABSTRACT Construction Cost Index (CCI) is calculated monthly and published by
Engineering News-Record (ENR). CCI is utilized for capital project budgeting and …