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The Estimating Process

  • Adrian J. Smith
Chapter
Part of the Macmillan Building and Surveying Series book series (BASS)

Abstract

The traditional methods of construction procurement in most parts of the world all generally involve some form of competition between a number of contractors, with price usually playing a major part in the selection of the contractor eventually chosen to carry out the work. Contractors therefore need some reliable method of forecasting prices, and therefore likely costs, for future construction work.

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REFERENCES

  1. Adrian J.J.A. (1982) Construction Estimating, Reston Publishing Co, Reston VA.Google Scholar
  2. Ashworth A., and Skitmore R.M. Accuracy in Estimating, Occasional Paper No. 27, Chartered Institute of Building London.Google Scholar
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  4. CIOB (1983) Code of Estimating Practice, The Chartered Institute of Building, London.Google Scholar
  5. Davies F.A.W. (1980) ‘Preparation and settlement of competitive lump sum tenders for building works’, in The Practice of Estimating, The Chartered Institute of Building, London.Google Scholar
  6. Fine B. (1974) ‘Tendering Strategy,’ Building, 25 October 1974, pp. 115–21.Google Scholar
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  9. Raftery J. (1991) Principles of Building Economics, BSP Professional Books, United Kingdom.Google Scholar

Copyright information

© A.J. Smith 1995

Authors and Affiliations

  • Adrian J. Smith
    • 1
  1. 1.Department of Building and ConstructionCity University of Hong KongHong Kong

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