Lowe, D and Skitmore, M (1994) Experiential learning in cost estimating. Construction Management and Economics, 12(5), pp. 423-431. ISSN 01446193
Abstract
This paper investigates experiential learning theory and the current perception of experiential factors in the accuracy of pre-tender cost prediction. It compares the preferred learning styles of a sample of experienced pretender cost estimators with those of novice quantity surveyors and investigates how estimators have developed as a result of their experiences. Experiential factors, those which stimulate personal development in pre-tender estimators, are considered and a mechanism to improve the accuracy of pre-tender estimates is proposed linking experiential learning theory with the introduction of feedback and self-monitoring systems.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cost estimating; experience; experiential learning; expertise; feedback; quantity surveyor |
| Index terms: | estimator, experiential learning, cost estimating, learning style, accuracy, personal development, monitoring, cost estimator, quantity surveying, cost prediction, pre-tender estimate |
| Subjects: | financial and cost management, profession, control systems, learning methods, tendering, professional development |
| Topics: | Roles and Professions, Procurement, Cost Management, Information Management, Site Management, Education |
| Descriptive scope: | 2 PC |
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