Show simple record

dc.contributor.authorBarzandeh, Mohammad
dc.date.accessioned2012-03-06T20:17:59Z
dc.date.available2012-03-06T20:17:59Z
dc.date.issued2011en_NZ
dc.identifier.urihttps://hdl.handle.net/10652/1794
dc.description.abstractEstimating is one of the most important functions of a successful project. Accurate estimates optimise good contracting as well as the process of calculating and analysing all the costs that will enter into a particular job to arrive at a set total. The estimator is responsible for these estimates which serve to ensure the project will have a successful financial outcome and these estimates also influence the decisions made for budgeting and assist in clients’ decisions for contractor selection. This research will determine the current practice of a case study company’s accuracy in estimation and will also identify the associated issues with the preparation of the estimates which can lead to inaccuracy. The methodology for this research has been a triangulation from an extensive literature survey review and analysis, then followed by a document analysis of the case study company’s project accuracy over the last 5 years and then analysis which is an interpretation of the author’s understanding. The findings have indicated that there are inaccuracies which can be from a range of factors identified in the literature as crucial indicators for deviations from the intended budget. This includes for the selection of provisional sum expenditures, historical data validity, factors affecting the accuracy of the estimate and model house base rate. The conclusions that have been drawn are that there is only one method of estimation being used in the case study company and when a house becomes an architecturally design house, the model house base rate seems to become invalid completely. The historical data is not being regularly updated with feedback processes and the learning curve of the estimator reviewing each project after completion seems to be limited as the inaccuracies are being carried forward onto the new projects. The estimator’s judgement is identified in the literature as one of the most important factors to estimation; however, the data collected indicated that an inexperienced estimator has made decisions that have resulted in ramifications.en_NZ
dc.language.isoenen_NZ
dc.subjectestimationen_NZ
dc.subjectaccuracy of estimatingen_NZ
dc.subjectestimating techniquesen_NZ
dc.subjectfactors affecting accuracyen_NZ
dc.subjecthistorical dataen_NZ
dc.subjectfeedback processesen_NZ
dc.subjectconstruction costsen_NZ
dc.titleAccuracy of estimating techniques for predicting residential construction costs – A case study of an Auckland residential construction companyen_NZ
dc.typeUndergraduate Research Reporten_NZ
thesis.degree.nameBachelor of Constructionen_NZ
thesis.degree.levelUndergraduateen_NZ
thesis.degree.grantorUnitec Institute of Technologyen_NZ
dc.subject.marsden120201 Building Construction Management and Project Planningen_NZ
dc.identifier.bibliographicCitationBarzandeh, M. (2011). Accuracy of estimating techniques for predicting residential construction costs – A case study of an Auckland residential construction company. (Unpublished document submitted in partial fulfilment of the requirements for the degree of Bachelor of Construction). Unitec Institute of Technology. Retrieved from https://hdl.handle.net/10652/1794en
unitec.pages67en_NZ
dc.contributor.affiliationUnitec Institute of Technologyen_NZ
unitec.advisor.principalPrigg, Chris
unitec.advisor.associatedDavies, Kathryn
unitec.institution.studyareaConstruction + Engineering


Files in this item

Thumbnail

This item appears in

Show simple record


© Unitec Institute of Technology, Private Bag 92025, Victoria Street West, Auckland 1142