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Baker, S, Ponniah, D and Smith, S (1999) Risk response techniques employed currently for major projects. Construction Management and Economics, 17(02), 205-13.

Baldwin, A N, Austin, S A, Hassan, T M and Thorpe, A (1999) Modelling information flow during the conceptual and schematic stages of building design. Construction Management and Economics, 17(02), 155-67.

Chan, A P C (1999) Modelling building durations in Hong Kong. Construction Management and Economics, 17(02), 189-96.

  • Type: Journal Article
  • Keywords: building project; Hong Kong; regression model; time cost relationship
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461999371682
  • Abstract:

    The duration of Australian construction has been modelled by a time and cost formula expressed in the form of T = KC B , where T is the actual construction time in working days, C is the final cost of contract in millions, K is a constant characteristic of building time performance, and B is a constant indicative of the sensitivity of time performance to cost level. This paper applies the relationship to building projects in Hong Kong using time and cost data from 110 projects. Regression analysis was used to compute the values of K and B and check how well the model actually is, and the best predictor of average construction time of building projects in Hong Kong is found to be T = 152C 0.29. It is also found that the Hong Kong private sector takes a shorter time (120 days) to complete a hypothesized project with a contract sum of HK$1 million (at December 1994 price) than its government counterpart (166 days). The time and cost relationship serves as a convenient tool for both project managers and clients for predicting the actual optimum time required for delivery of a building project.

Goh, B-H (1999) An evaluation of the accuracy of the multiple regression approach in forecasting sectoral construction demand in Singapore. Construction Management and Economics, 17(02), 231-41.

Green, S D (1999) The missing arguments of lean construction. Construction Management and Economics, 17(02), 133--7.

Gyi, D E, Gibb, A G F and Haslam, R A (1999) The quality of accident and health data in the construction industry: interviews with senior managers. Construction Management and Economics, 17(02), 197-204.

Li, H and Love, P E D (1999) Combining rule-based expert systems and artificial neural networks for mark-up estimation. Construction Management and Economics, 17(02), 169-76.

Loosemore, M (1999) Bargaining tactics in construction disputes. Construction Management and Economics, 17(02), 177-88.

Proverbs, D G, Holt, G D and Olomolaiye, P O (1999) European construction contractors: a productivity appraisal of in situ concrete operations. Construction Management and Economics, 17(02), 221-30.

Ray, R S, Hornibrook, J, Skitmore, M R and Zarkada-Fraser, A (1999) Ethics in tendering: a survey of Australian opinion and practice. Construction Management and Economics, 17(02), 139-53.

Sozen, Z and Kucuk, M A (1999) Secondary subcontracting in the Turkish construction industry. Construction Management and Economics, 17(02), 215-20.

Tan, W (1999) Construction cost and building height. Construction Management and Economics, 17(02), 129-32.