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 …
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 …
A Shiha, EM Dorra, K Nassar - Journal of Construction Engineering …, 2020 - ascelibrary.org
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 …
W Xiong, X Zhang - Journal of construction engineering and …, 2014 - ascelibrary.org
Contractual agreements between public agencies and private companies in the form of public-private partnerships (PPPs) have proven to be beneficial to both the public and …
In construction industry, cost escalation is a major cause of project failure. The reason is that construction prices fluctuate over time and they are influenced by numerous factors. This …
SAM Faghih, H Kashani - Journal of construction engineering and …, 2018 - ascelibrary.org
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 …
S Mao, F Xiao - IEEE Access, 2019 - ieeexplore.ieee.org
Time series forecasting, especially from the perspective of the network, has been a hot research topic. In this paper, based on the analysis of complex network, a novel method is …
Because of the importance of budget planning and contract bidding, accurate prediction of future movements of the construction cost index (CCI) has been a crucial part of construction …
Abstract Engineering News-Record (ENR), a professional magazine in the field of global construction engineering, publishes Construction Cost Index (CCI) every month. Cost …