Pre‐bid building price forecasting accuracy: price intensity theory

Autor:	Martin Skitmore, John C. Gunner
Rok vydání:	1999
Předmět:	Set (abstract data type) Work (electrical) Heuristic Architecture Economics Econometrics Building and Construction General Business Management and Accounting Intensity (heat transfer) Civil and Structural Engineering Square meter
Zdroj:	Engineering, Construction and Architectural Management. 6:267-275
ISSN:	0969-9988
DOI:	10.1108/eb021117
Popis:	A theory of pre‐bid building price forecasting accuracy is proposed, based on the heuristic bias framework and with reference to the common practice of basing building price forecasts on the price per square metre of floor area, termed here as Price Intensity (PI). The main prediction of the theory, that high PI contracts will be underestimated and low PI contracts will be overestimated, is tested by a re‐analysis of a set of Singapore data and in comparison with previous work.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ece65bf1605f0749c6723b5e33c7b504 https://doi.org/10.1108/eb021117 Zobrazit plný text záznamu