Critical factors influencing cost estimators' judgements on cost contingencies in highway construction projects: An empirical study in the UK.

ABSTRACT: Unforeseen additional costs are major sources of cost overruns for the UK's highway projects. General contractors normally allocate cost contingencies in their tender prices to cover these costs, primarily based on the judgements of their cost estimators. However, cost contingencies allocated to the same risk by different cost estimators can vary significantly. Although objective factors influencing the estimation of cost contingencies have been extensively investigated, subjective factors remain underexplored. Therefore, this paper aims to address this gap by investigating the subjective factors influencing cost estimators' judgements through a qualitative study. Twelve semi-structured interviews were conducted with experienced cost estimators working for general contractors in the UK's c

SUBMITTER: Zhao L 

PROVIDER: S-EPMC11649144 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature