Cost diviation in road construction projects: The case of Palestine
<p class="MsoNormal" style="text-align: justify; margin: 6pt 0cm;"><span lang="EN-US" style="font-size: 11pt;"><span style="font-family: Times New Roman;">This paper investigates the statistical relationship between actual and estim...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UTS ePRESS
2012-02-01
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| Series: | Australasian Journal of Construction Economics and Building |
| Subjects: | |
| Online Access: | https://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2427 |
| _version_ | 1811194355840450560 |
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| author | Ibrahim Mahamid Amund Bruland |
| author_facet | Ibrahim Mahamid Amund Bruland |
| author_sort | Ibrahim Mahamid |
| collection | DOAJ |
| description | <p class="MsoNormal" style="text-align: justify; margin: 6pt 0cm;"><span lang="EN-US" style="font-size: 11pt;"><span style="font-family: Times New Roman;">This paper investigates the statistical relationship between actual and estimated cost of road construction projects using data from road construction projects awarded in the West Bank in Palestine over the years 2004–2008. The study is based on a sample of 169 road construction projects. Based on this data, regression models are developed. The findings reveal that 100% of projects suffer from cost diverge, it is found that 76% of projects have cost under estimation while 24% have cost over estimation. The discrepancy between estimated and actual cost has an average of 14.6%, ranging from -39% to 98%. The relation between the project size (length and width) and the cost diverge is discussed.</span></span></p> |
| first_indexed | 2024-04-12T00:25:48Z |
| format | Article |
| id | doaj.art-80fc9d492f2046cba7be5708edb5eae9 |
| institution | Directory Open Access Journal |
| issn | 1835-6354 1837-9133 |
| language | English |
| last_indexed | 2024-04-12T00:25:48Z |
| publishDate | 2012-02-01 |
| publisher | UTS ePRESS |
| record_format | Article |
| series | Australasian Journal of Construction Economics and Building |
| spelling | doaj.art-80fc9d492f2046cba7be5708edb5eae92022-12-22T03:55:33ZengUTS ePRESSAustralasian Journal of Construction Economics and Building1835-63541837-91332012-02-01121587110.5130/ajceb.v12i1.24271630Cost diviation in road construction projects: The case of PalestineIbrahim Mahamid0Amund Bruland1Norges Teknisk-Narurvitenskapelige Universitet(NTNU)Norges Teknisk-Narurvitenskapelige Universitet(NTNU)<p class="MsoNormal" style="text-align: justify; margin: 6pt 0cm;"><span lang="EN-US" style="font-size: 11pt;"><span style="font-family: Times New Roman;">This paper investigates the statistical relationship between actual and estimated cost of road construction projects using data from road construction projects awarded in the West Bank in Palestine over the years 2004–2008. The study is based on a sample of 169 road construction projects. Based on this data, regression models are developed. The findings reveal that 100% of projects suffer from cost diverge, it is found that 76% of projects have cost under estimation while 24% have cost over estimation. The discrepancy between estimated and actual cost has an average of 14.6%, ranging from -39% to 98%. The relation between the project size (length and width) and the cost diverge is discussed.</span></span></p>https://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2427costdivergeroad constructionover estimationunder estimationoverrun. |
| spellingShingle | Ibrahim Mahamid Amund Bruland Cost diviation in road construction projects: The case of Palestine Australasian Journal of Construction Economics and Building cost diverge road construction over estimation under estimation overrun. |
| title | Cost diviation in road construction projects: The case of Palestine |
| title_full | Cost diviation in road construction projects: The case of Palestine |
| title_fullStr | Cost diviation in road construction projects: The case of Palestine |
| title_full_unstemmed | Cost diviation in road construction projects: The case of Palestine |
| title_short | Cost diviation in road construction projects: The case of Palestine |
| title_sort | cost diviation in road construction projects the case of palestine |
| topic | cost diverge road construction over estimation under estimation overrun. |
| url | https://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2427 |
| work_keys_str_mv | AT ibrahimmahamid costdiviationinroadconstructionprojectsthecaseofpalestine AT amundbruland costdiviationinroadconstructionprojectsthecaseofpalestine |