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Al-Bayati, A J, Al-Kasasbeh, M, Awolusi, I, Abudayyeh, O and Umar, T (2021) Trends of Occupational Fatal and Nonfatal Injuries in Electrical and Mechanical Specialty Contracting Sectors: Necessity for a Learning Investigation System. Journal of Construction Engineering and Management, 147(07).
Ali, G M, Olearczyk, J, Bouferguene, A and Al-Hussein, M (2021) Implementation of Combined Loading to Calculate Ground Bearing Pressure under Crawler Crane Tracks. Journal of Construction Engineering and Management, 147(07).
AlOtaibi, M, El-Rayes, K and Altuwaim, A (2021) Optimizing the Renovation Scheduling of Leased Residential Buildings to Minimize Total Project Cost. Journal of Construction Engineering and Management, 147(07).
Altuwaim, A and El-Rayes, K (2021) Multiobjective Optimization Model for Planning Repetitive Construction Projects. Journal of Construction Engineering and Management, 147(07).
Amer, F, Koh, H Y and Golparvar-Fard, M (2021) Automated Methods and Systems for Construction Planning and Scheduling: Critical Review of Three Decades of Research. Journal of Construction Engineering and Management, 147(07).
Benachio, G L F, Freitas, M d C D and Tavares, S F (2021) Interactions between Lean Construction Principles and Circular Economy Practices for the Construction Industry. Journal of Construction Engineering and Management, 147(07).
Bhih, M and Hegazy, T (2021) Enhanced But-For Method to Apportion Net Delays and Accelerations. Journal of Construction Engineering and Management, 147(07).
Brito, D M d, Ferreira, E d A M and Costa, D B (2021) Framework for Building Information Modeling Adoption Based on Critical Success Factors from Brazilian Public Organizations. Journal of Construction Engineering and Management, 147(07).
Cai, J, Yang, L, Zhang, Y, Li, S and Cai, H (2021) Multitask Learning Method for Detecting the Visual Focus of Attention of Construction Workers. Journal of Construction Engineering and Management, 147(07).
Eissa, R, Eid, M S and Elbeltagi, E (2021) Current Applications of Game Theory in Construction Engineering and Management Research: A Social Network Analysis Approach. Journal of Construction Engineering and Management, 147(07).
Fan, S, Yeh, I and Chi, W (2021) Improvement in Estimating Durations for Building Projects Using Artificial Neural Network and Sensitivity Analysis. Journal of Construction Engineering and Management, 147(07).
Gaikwad, S V, Calahorra-Jimenez, M, Molenaar, K R and Torres-Machi, C (2021) Challenges in Engineering Estimates for Best Value Design–Build Highway Projects. Journal of Construction Engineering and Management, 147(07).
Imam, H (2021) Roles of Shared Leadership, Autonomy, and Knowledge Sharing in Construction Project Success. Journal of Construction Engineering and Management, 147(07).
Kifokeris, D (2021) Variants of Swedish lean construction practices reported in research: Systematic literature review and critical analysis. Journal of Construction Engineering and Management, 147(07), 05021005.
Lee, C and Chong, H (2021) Influence of Prior Ties on Trust and Contract Functions for BIM-Enabled EPC Megaproject Performance. Journal of Construction Engineering and Management, 147(07).
Lee, J (2021) Life Cycle Costing for Exterior Materials on Building Façade. Journal of Construction Engineering and Management, 147(07).
Lin, J J and Golparvar-Fard, M (2021) Visual and Virtual Production Management System for Proactive Project Controls. Journal of Construction Engineering and Management, 147(07).
Liu, H, Kwigizile, V and Huang, W (2021) Holistic Framework for Highway Construction Cost Index Development Based on Inconsistent Pay Items. Journal of Construction Engineering and Management, 147(07).
- Type: Journal Article
- Keywords: Highway construction; Cost estimating; Price index; Construction market condition; Data analytic; Inconsistent pay items; Unbalanced bid prices;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0002080
- Abstract:
A construction cost index (CCI) measures the price changes of construction items over time. It allows owner agencies and contractors to monitor construction market fluctuations so that they can more accurately estimate construction costs and project long-term funding needs. However, various CCI calculation methods in the highway construction industry are limited in two respects: (1) inability to account for inconsistent pay items, primarily caused by changes in pay item catalogs, and (2) insufficiency in statistically cleaning pay item data, e.g., unbalanced bid prices. For this reason, the resulting highway construction cost index (HCCI) cannot accurately reflect the construction market. To address such limitations, this research develops a three-step holistic framework for automated HCCI development using inconsistent pay items. The three-step methodology encompasses (1) data cleaning, where a text analysis algorithm and outlier detection algorithms are developed to clean inconsistent pay items and unbalanced bid prices; (2) pay item sampling, which helps to select and edit pay items through various statistical analysis; and (3) HCCI calculation, where the chained Fisher index formula is applied to calculate HCCIs at the state level, as well as indexes for specific regions and item categories. A prototype application is developed to generate quarterly and annual HCCIs automatically using the Python programming language. Ten-year data, i.e., 251,033 records, were used to verify and validate the prototyped system. The resulting HCCI and sub-HCCIs provide reliable insights into construction market conditions with high granularity. This research contributes to the body of knowledge by offering a holistic framework for automated HCCI development that leverages the text analysis algorithm for accounting for inconsistent pay items and two-stage outlier treatments for cleaning pay item data.
Mathew, S A, Tran, D Q and Nguyen, P H D (2021) Evaluation of Cost Growth Factors in Design-Build Highway Projects Using Structural Equation Modeling. Journal of Construction Engineering and Management, 147(07).
Melhem, N N, Maher, R A and Sundermeier, M (2021) Waste-Based Management of Steel Reinforcement Cutting in Construction Projects. Journal of Construction Engineering and Management, 147(07).
MiloÅ¡ević, I, KovaÄević, M and Petronijević, P (2021) Estimating Residual Value of Heavy Construction Equipment Using Ensemble Learning. Journal of Construction Engineering and Management, 147(07).
Musenero, L, Baroudi, B and Gunawan, I (2021) Application of Dual Concern Theory in Elucidating Conflict Behavior in Infrastructure Public-Private Partnership Projects. Journal of Construction Engineering and Management, 147(07).
Okpala, I, Nnaji, C, Awolusi, I and Akanmu, A (2021) Developing a Success Model for Assessing the Impact of Wearable Sensing Devices in the Construction Industry. Journal of Construction Engineering and Management, 147(07).
Rausch, C, Sanchez, B and Haas, C (2021) . Journal of Construction Engineering and Management, 147(07).
Serugga, J, Kagioglou, M and Tzortzopoulos, P (2021) Benefits Realization: Novel Conceptual Model for Front End–Design Decision-Making Using Dempster–Shafer Theory and Quality Function Deployment. Journal of Construction Engineering and Management, 147(07).
Shen, W, Tang, W, Wang, Y, Duffield, C F, Hui, F K P and Zhang, L (2021) Managing Interfaces in Large-Scale Projects: The Roles of Formal Governance and Partnering. Journal of Construction Engineering and Management, 147(07).
Wang, S, Zhu, S and Yuen, P (2021) Assessment of Ground-Borne Vibration Impact on Nearby Underground Facilities Induced by Ground Surface Excavation. Journal of Construction Engineering and Management, 147(07).
Welfare, K, Sherratt, F and Hallowell, M (2021) Perceptions of Construction Work: Views to Consider to Improve Employee Recruitment and Retention. Journal of Construction Engineering and Management, 147(07).
Wu, X and Xu, F (2021) Detection Model for Unbalanced Bidding in Railway Construction Projects: Considering the Risk of Quantity Variation. Journal of Construction Engineering and Management, 147(07).
Zhang, X, Yu, Y, He, W and Chen, Y (2021) Bidding Decision-Support Model for Construction Projects Based on Projection Pursuit Learning Method. Journal of Construction Engineering and Management, 147(07).