Research on Cost Overrun Risk of Construction Phase of Vietnam Highway International Contracting Project
نویسندگان
چکیده
منابع مشابه
Contracting Methods for Highway Construction
Transportation construction is a large industry—particularly highway construction, on which more than $50 billion is spent annually. Small improvements can result in significant savings in time and cost, as well as better quality and fewer disputes. In recent years, many innovations have occurred in highway construction. The atmosphere within the industry is highly charged with optimism, uncert...
متن کاملAnalysis of Cost Overrun in Highway Construction Projects Using Multiple Regression and Artificial Neural Networks
Cost overruns are more common in infrastructure projects especially, more common in road construction activities. There existed a need to develop a probabilistic cost overrun analysis model in construction projects as a decision support tool for contractors before the bidding stage. The objective of this study is to identify the critical factors affecting cost overrun and obtain statistical mod...
متن کاملManaging Cost Overrun Risk in Project Funding Allocation
This paper discusses decision making of project funding allocation under uncertain project costs. Because project costs are uncertain and funding allocations may not necessarily match the costs required, each project is inherently subject to a cost overrun risk (COR). In this paper, a model is proposed in which project cost is treated as a factor with a probability density function. The decisio...
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ژورنال
عنوان ژورنال: Engineering
سال: 2016
ISSN: 1947-3931,1947-394X
DOI: 10.4236/eng.2016.83011