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Paper w78-2005-kn-w1-2-racky:
Linking up versus Breaking down: Demands on Cost Estimating for Turn-key Construction Projects

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P Racky

Linking up versus Breaking down: Demands on Cost Estimating for Turn-key Construction Projects

Abstract:The complete monetary valuation of interfaces between the various building elements or work packages is a substantial success factor for a correct estimate that takes account of all costs of turn-key construction projects. The estimating processes employed by construction contractors often neglect systematic interface analysis what leads to incorrect results. This paper sketches out an interface-oriented estimating approach. This approach will lead to a procedure in which the building elements to be costed are structured in a way that corresponds to their functional logic. As result a linked-up procedure, such as is necessary to cope with complex systems, will be achieved and a complete costing made easier.

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