January 11, 2024 1 Comment

Analogous estimation is a valuable tool for life cycle costing (LCC) in civil engineering and transport infrastructure projects. It involves comparing the proposed project to similar existing projects and using their cost data

January 2, 2024 0 Comments

Three-point estimation is a valuable technique for generating more robust and realistic estimates in civil engineering projects. It accounts for uncertainty and potential risks by considering three scenarios: optimistic, most likely, and pessimistic.

May 2, 2023 0 Comments

The early stages of design maturity are crucial for ensuring success in civil engineering projects. During this phase, one crucial aspect to consider is enabling work, which involves preparing the site and surrounding

May 2, 2023 0 Comments

Planning and maintaining control over projected expenditures is necessary for cost management in construction projects. This is relevant to all the project's knowledge domains. Actual expenditures are proportional to work completed; however, completed

April 16, 2023 0 Comments

Once upon a time, a civil engineer named Alice was tasked with building a new bridge over a river. Excited to take on the project, she set out to estimate the cost range

October 3, 2022 0 Comments

Introduction The practice of predicting the cost of constructing a physical structure is called construction cost estimating. Of course, cost overruns and project failures both have a negative financial impact on builders and

October 3, 2022 0 Comments

What is a Should Cost Model? Introduction to Should Cost Models An SCM forecasts what a service, project, or program should cost over its lifetime. As summarised below, SCMs may vary in design

September 10, 2022 0 Comments

Purpose of cost management In light of these issues, this study aimed to shed light on the current costing practice and CW in the UK construction industry to build a framework that would

May 28, 2022 0 Comments

Introduction Project estimation or development work is one of the most arduous responsibilities for many construction industry professionals. It is, however, one of those unavoidable duties that must be carried out, often at

May 10, 2022 4 Comments

Cost estimates Projecting the financial and other resources required to execute a project within a stated scope and timetable is known as the cost estimate. Cost estimates that are accurate and trustworthy are