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Chen, Z, Li, H, Ross, A, Khalfan, M M and Kong, S C (2008) Knowledge-Driven ANP Approach to Vendors Evaluation for Sustainable Construction. Journal of Construction Engineering and Management, 134(12), 928–41.

Cheung, S O, Yiu, T W, Leung, A Y and Chiu, O K (2008) Catastrophic Transitions of Construction Contracting Behavior. Journal of Construction Engineering and Management, 134(12), 942–52.

Gil, N, Beckman, S and Tommelein, I (2008) Problem-Solving Base Building under Uncertainty and Ambiguity: Multiple-Case Study on an Airport Expansion Program. Journal of Construction Engineering and Management, 134(12), 991–1001.

Gkritza, K and Labi, S (2008) Estimating Cost Discrepancies in Highway Contracts: Multistep Econometric Approach. Journal of Construction Engineering and Management, 134(12), 953–62.

Grasso, B, Rasdorf, W and Bridgers, M (2008) Nature and Extent of Domestic Construction Program Outsourcing. Journal of Construction Engineering and Management, 134(12), 1002–10.

Hastak, M, Gokhale, S, Goyani, K, Hong, T and Safi, B (2008) Analysis of Techniques Leading to Radical Reduction in Project Cycle Time. Journal of Construction Engineering and Management, 134(12), 915–27.

Leung, M, Chen, D and Yu, J (2008) Demystifying Moderate Variables of the Interrelationships among Affective Commitment, Job Performance, and Job Satisfaction of Construction Professionals. Journal of Construction Engineering and Management, 134(12), 963–71.

Ling, F Y, Low, S P, Wang, S and Egbelakin, T (2008) Models for Predicting Project Performance in China Using Project Management Practices Adopted by Foreign AEC Firms. Journal of Construction Engineering and Management, 134(12), 983–90.

Lu, W, Shen, L and Yam, M C (2008) Critical Success Factors for Competitiveness of Contractors: China Study. Journal of Construction Engineering and Management, 134(12), 972–82.

Sonmez, R (2008) Parametric Range Estimating of Building Costs Using Regression Models and Bootstrap. Journal of Construction Engineering and Management, 134(12), 1011–6.

  • Type: Journal Article
  • Keywords: Construction costs; Estimations; Probability; Regression analysis; Parameters;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2008)134:12(1011)
  • Abstract:
    This paper presents a bootstrap approach for integration of parametric and probabilistic cost estimation techniques. In the proposed method, a combination of regression analysis and bootstrap resampling technique is used to develop range estimates for construction costs. The method is applied to parametric range estimation of building projects as an example. The bootstrap approach includes advantages of probabilistic and parametric estimation methods, at the same time it requires fewer assumptions compared to classical statistical techniques. This study is of relevance to practitioners and researchers, as it provides a robust method for conceptual estimation of construction costs.