Morrison, N (1984) The accuracy of quantity surveyors' cost estimating. Construction Management and Economics, 2(1), pp. 57-75. ISSN 01446193
Abstract
This paper examines the accuracy of cost estimates prepared by quantity surveyors during the design stages of construction projects. Since these estimates influence the feasibility and form of projects, the ability of quantity surveyors to fulfil the objectives of cost planning is considered. It concludes that the present methods of estimating used by quantity surveyors produce results which are not sufficiently accurate to meet all the objectives of cost planning. The most likely area for improvement lies in developing methods of using large cost data bases.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | accuracy; Cost estimating; cost planning; quantity surveyor; variability |
| Index terms: | estimate, accuracy, cost data, variability, estimating, design stage, quantity surveying, cost planning, cost estimate, cost estimating, construction project |
| Subjects: | production management, professional development, accounting and finance, financial management, profession, statistical analysis, financial and cost management, professional practice |
| Topics: | Roles and Professions, Research Practice, Information Management, Design Practice, Project Management, Cost Management |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here