Abdel-Razek, R H (1987) Computerised analyses of estimating inaccuracy and tender variability: causes, evaluation and consequences. PhD thesis, Loughborough University, UK.
Abstract
The two elements of a tender sum are the cost estimate and the mark-up. Variations in tenders can be attributed to inaccuracy in the estimate and variations in the applied mark-up. The weaknesses of current published literature are that the causes of the inaccuracy in the estimate or the variability in a mark-up are not defined in such a way that they can be analysed and evaluated. The inaccuracy of a cost estimate results from combining the inaccuracy of its constituent elements. Thus the inaccuracy of each element needs to be evaluated. The consequences of estimating inaccuracy and mark-up variability are inadequately described in current literature, which tends to assume that mark-up variability is negligible. This research addresses these weaknesses.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | accuracy; estimating; mark-up; variations |
| Index terms: | mark-up, accuracy, tender variability, estimating, variation, estimate, variability, cost estimate |
| Subjects: | tendering, price determination, professional development, contractual condition, statistical analysis, financial and cost management |
| Topics: | Procurement, Information Management, Cost Management, Contract Administration, Research Practice |
| Descriptive scope: | 2 PC |
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