Cost Escalation as a Risk in Construction Contracts.
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MURTHY, E N MANAGEMENT RESEARCHSummary: The increase in cost due to inflation has been a concern in the construction industry. In long-term projects, it becomes even more essential to know the cost for future planning and budget approval. This study attempts to adopt the probabilistic approach to put forth the prediction of cost escalation and compares the same with the actual cost and World Bank formula to demonstrate how the proposed method could lead to a more realistic way of forecasting.
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
Journal Article
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Main Library | Vol 17, No 3/ 5559189JA2 (Browse shelf(Opens below)) | Available | 5559189JA2 | |||||
Journals and Periodicals
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Main Library ON SHELF | JOURNAL/MGT/Vol 17, No 3/5559189 (Browse shelf(Opens below)) | Vol 17, No 3 (01/01/2016) | Not for loan | July, 2018 | 5559189 |
Total holds: 0
The increase in cost due to inflation has been a concern in the construction industry. In long-term projects, it becomes even more essential to know the cost for future planning and budget approval. This study attempts to adopt the probabilistic approach to put forth the prediction of cost escalation and compares the same with the actual cost and World Bank formula to demonstrate how the proposed method could lead to a more realistic way of forecasting.
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