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Bastos, M F, Ribeiro, F L and Teixeira, J C (2005) Estimating of capital cost of underground car parking projects. Journal of Financial Management of Property and Construction, 10(02), 125–32.

  • Type: Journal Article
  • Keywords: Capital; cost; modelling; underground car parks; multiple regression
  • ISBN/ISSN: 1366-4387
  • URL: https://doi.org/10.1108/13664380580001070
  • Abstract:
    Underground parking projects are expensive. The capital cost of underground parking projects has been, and still is, one of the promoter's main economic concerns. Therefore, the capital cost estimation is an essential task in the early stages of underground parking projects. In this context, the promoters mainly use cost estimation models, most of them produced by methodologies with lack of precision and with low performances. Over the last years Portugal has embarked on a large programme of underground parking projects in the major cities. The present research work is based on data and knowledge colleted from that programme. This paper presents an analysis of the underground parking projects built and underway in Portugal. It discusses the main variables influencing the capital cost of underground parking projects. Finally, it presents a mathematical model for estimating capital cost of this type of project during the planning phase.

Enshassi, A, Mohamed, S and Madi, I (2005) Factors affecting accuracy of cost estimation of building contracts in the Gaza Strip. Journal of Financial Management of Property and Construction, 10(02), 115–24.

Greenwood, D, Hogg, K and Kan, S (2005) Subcontractors' liability for project delays. Journal of Financial Management of Property and Construction, 10(02), 107–14.

Gruneberg, S and Hughes, W (2005) UK construction orders and output: A comparison of government and commercially available data 1995-2001. Journal of Financial Management of Property and Construction, 10(02), 83–94.

Wamuziri, S C and Clearie, A G F (2005) Economic feasibility of the proposed Second Forth Road Bridge using public private partnership procurement. Journal of Financial Management of Property and Construction, 10(02), 95–106.