Cost Modelling

Cost models underlie all the techniques used in construction cost and price forecasting. An understanding of the various types of models is vital to the success of forecasting, implications of design decisions and to effective cost control.

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Cost models underlie all the techniques used in construction cost and price forecasting, yet until relatively recently industry has been unfamiliar with their characteristics and properties. An understanding of the various types of cost model is vital to enable effective cost control and the development of future forecasting techniques.
This volume brings together more than 20 seminal contributions to building cost modelling and introduces the major landmarks in progress and thinking in this field:
* strategies and directions
* explorations in cost modelling
* cost-product/process modelling
* dealing with uncertainty
The strong techniques bias of this book will appeal to construction professionals involved in estimating, as well as researchers and students of building economics.