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Canales, A R, Arbelaez, M, Vasquez, E, Aveiga, F, Strong, K, Walters, R, Jaselskis, E J and Jahren, C T (2009) Exploring Training Needs and Development of Construction Language Courses for American Supervisors and Hispanic Craft Workers. Journal of Construction Engineering and Management, 135(05), 387–96.

Dai, J, Goodrum, P M, Maloney, W F and Srinivasan, C (2009) Latent Structures of the Factors Affecting Construction Labor Productivity. Journal of Construction Engineering and Management, 135(05), 397–406.

Hegab, M and Smith, G R (2009) Labor Performance Analysis for Microtunneling Projects. Journal of Construction Engineering and Management, 135(05), 432–5.

Hinze, J and Olbina, S (2009) Empirical Analysis of the Learning Curve Principle in Prestressed Concrete Piles. Journal of Construction Engineering and Management, 135(05), 425–31.

Hwang, S (2009) Dynamic Regression Models for Prediction of Construction Costs. Journal of Construction Engineering and Management, 135(05), 360–7.

  • Type: Journal Article
  • Keywords: Construction costs; Regression models; Forecasting; Predictions;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000006
  • Abstract:
    Accurate prediction of construction costs in the market is essential to effectively estimate costs for construction projects. In the construction industry, cost indexes that are reported in series are often used to explain the change of construction costs. By tracking the trend of such quantitative contemporaneous cost index and making frequent and regular forecasts of the future values of the index, one can develop a deeper understanding of prices of resources used for construction. Incorporating such an understanding and prediction into estimating will help practitioners manage construction costs. This paper proposes two dynamic regression models for the prediction of construction cost index. Comparison of the proposed models with the existing methods proves that the new models provide several advantages and improvements.

Jang, W and Skibniewski, M J (2009) Cost-Benefit Analysis of Embedded Sensor System for Construction Materials Tracking. Journal of Construction Engineering and Management, 135(05), 378–86.

Lewis, P, Rasdorf, W, Frey, H C, Pang, S and Kim, K (2009) Requirements and Incentives for Reducing Construction Vehicle Emissions and Comparison of Nonroad Diesel Engine Emissions Data Sources. Journal of Construction Engineering and Management, 135(05), 341–51.

Lucko, G and Peña Orozco, A A (2009) Float Types in Linear Schedule Analysis with Singularity Functions. Journal of Construction Engineering and Management, 135(05), 368–77.

Mao, X, Zhang, X and AbouRizk, S M (2009) Enhancing Value Engineering Process by Incorporating Inventive Problem-Solving Techniques. Journal of Construction Engineering and Management, 135(05), 416–24.

Mitropoulos, P and Cupido, G (2009) Safety as an Emergent Property: Investigation into the Work Practices of High-Reliability Framing Crews. Journal of Construction Engineering and Management, 135(05), 407–15.

Moynihan, G, Zhou, H and Cui, Q (2009) Stochastic Modeling for Pavement Warranty Cost Estimation. Journal of Construction Engineering and Management, 135(05), 352–9.