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Anastasopoulos, P C, Haddock, J E and Peeta, S (2014) Cost Overrun in Public-Private Partnerships: Toward Sustainable Highway Maintenance and Rehabilitation. Journal of Construction Engineering and Management, 140(06).
Becker, T C, Jaselskis, E J and El-Gafy, M (2014) Improving Predictability of Construction Project Outcomes through Intentional Management of Indirect Construction Costs. Journal of Construction Engineering and Management, 140(06).
- Type: Journal Article
- Keywords: Construction management; Construction costs; Project management; Indirect construction costs; Pre-project planning; Construction management; Project controls; Cost and Schedule;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000845
- Abstract:
Indirect construction costs (IDCC) comprise from as little as 10 to 40% or more of the total cost of construction projects, in part depending on the type and nature of the project. Yet, any location in this range represents a significant component of total project costs, which justifies the need to better understand and develop effective practices to estimate, control, and manage IDCC. When IDCC practices are not afforded intentional management and appropriate resources, key project performance outcomes are affected. As its unique contribution to the body of knowledge, this paper operationally defines IDCC, outlines certain innovative IDCC practices, and identifies statistically significant relationships between key IDCC practices and project outcome metrics. Empirical recommendations are premised upon data collected through testimonials, structured interviews, and brainstorming sessions of an extensive set of construction industry professionals. Statistical findings are based upon data collected through 56 one-on-one data-collection interviews with subject matter experts and 47 project-level surveys. Qualitative data were filtered, organized, and aggregated and are technically presented as instructional guidelines. Quantitative data were statistically analyzed and results from this analysis show several significant relationships between IDCC practices and key project outcomes, including a positive correlation between the frequency of IDCC review meetings that included project managers and field supervisors and quality and cost performance.
Chen, Y Q, Zhang, Y B and Zhang, S J (2014) Impacts of Different Types of Owner-Contractor Conflict on Cost Performance in Construction Projects. Journal of Construction Engineering and Management, 140(06).
El-Abbasy, M S, Senouci, A, Zayed, T, Mirahadi, F and Parvizsedghy, L (2014) Condition Prediction Models for Oil and Gas Pipelines Using Regression Analysis. Journal of Construction Engineering and Management, 140(06).
Hawas, F and Cifuentes, A (2014) Valuation of Projects with Stochastic Cash Flows and Intertemporal Correlations: Practical Modeling Guidelines. Journal of Construction Engineering and Management, 140(06).
Ko, C and Chung, N (2014) Lean Design Process. Journal of Construction Engineering and Management, 140(06).
Lee, H W, Choi, K and Gambatese, J A (2014) Real Options Valuation of Phased Investments in Commercial Energy Retrofits under Building Performance Risks. Journal of Construction Engineering and Management, 140(06).
Maghrebi, M, Travis Waller, S and Sammut, C (2014) Assessing the Accuracy of Expert-Based Decisions in Dispatching Ready Mixed Concrete. Journal of Construction Engineering and Management, 140(06).
O’Connor, J T, O’Brien, W J and Choi, J O (2014) Critical Success Factors and Enablers for Optimum and Maximum Industrial Modularization. Journal of Construction Engineering and Management, 140(06).
Russell, M M, Hsiang, S M, Liu, M and Wambeke, B (2014) Causes of Time Buffer and Duration Variation in Construction Project Tasks: Comparison of Perception to Reality. Journal of Construction Engineering and Management, 140(06).
West, J (2014) Collaborative Patterns and Power Imbalance in Strategic Alliance Networks. Journal of Construction Engineering and Management, 140(06).
Zhang, S, Migliaccio, G C, Zandbergen, P A and Guindani, M (2014) Empirical Assessment of Geographically Based Surface Interpolation Methods for Adjusting Construction Cost Estimates by Project Location. Journal of Construction Engineering and Management, 140(06).