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Construction Cost

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Construction cost refers to the total expenses incurred in the process of building or renovating structures, encompassing materials, labor, equipment, and overhead. It is a critical factor in project budgeting and financial planning within the construction industry, influencing project feasibility and economic viability.
lightbulbAbout this topic
Construction cost refers to the total expenses incurred in the process of building or renovating structures, encompassing materials, labor, equipment, and overhead. It is a critical factor in project budgeting and financial planning within the construction industry, influencing project feasibility and economic viability.

Key research themes

1. How can early stage construction cost estimation models effectively capture contractor-specific cost variability and exogenous economic factors?

This research area addresses the challenge of improving cost estimation accuracy at early project stages by incorporating the contractor's perspective, capturing both internal project characteristics and external economic influences. Since contractors bear cost deviations from labor productivity and material price fluctuations, models that integrate these variables support better financial control and risk management during project initiation.

Key finding: Developed early-stage cost estimation models specific to a contractor's perspective using data from 23 homogenous residential and office building projects. The models include both endogenous variables (e.g., building area)... Read more
Key finding: Introduced a hybrid machine learning model combining Light Gradient Boosting and Natural Gradient Boosting, delivering highly accurate early-phase construction cost predictions. The model integrates feature importance... Read more
Key finding: Presented capacity factor-based cost models for different building functions using total building area as a proxy for capacity. The study found that most building types (except housing) exhibit decreasing returns to... Read more
Key finding: Demonstrated that unit construction costs, particularly for reinforced concrete work, vary significantly with project location within a geographic region. By developing location-based price indices using detailed cost... Read more

2. What construction resource-related factors most significantly influence project cost overruns and how are these factors interrelated?

This theme investigates how material, labor, equipment, and financial resource management affect construction project costs. By identifying and quantitatively assessing these resource factors and their interactions, particularly under regional contexts like Malaysia and Nigeria, researchers provide actionable insights to mitigate cost overruns through improved resource allocation and management strategies.

Key finding: Identified key resource factors impacting Malaysian construction project cost overruns through a statistically robust survey. Price fluctuations of materials, contractor cash flow difficulties, and material shortages emerged... Read more
Key finding: Analyzed elemental cost variations in Nigerian building projects and found critical cost variance drivers include unstable economy, improper planning, inaccurate estimates, and fraudulent practices. The study showed no... Read more
Key finding: Highlighted that project size, type, complexity of special construction, accessibility constraints, and clarity of project information individually and interactively affect cost estimation accuracy. Notably, smaller projects... Read more

3. How can uncertainty and multi-criteria decision-making frameworks be integrated into construction cost analysis and optimization for improved project outcomes?

This theme encompasses the development and application of uncertainty analysis models and multi-criteria decision-making (MCDM) methods that incorporate cost, performance, and other relevant project criteria. Researchers seek methods to account for correlated risk factors, cost uncertainty, and stakeholders’ priorities, supporting balanced and informed construction cost decisions that reflect technical, economic, and owner-defined performance tradeoffs.

Key finding: Developed a Correlated Cost Risk Analysis Model (CCRAM) that integrates risk-factor-based and indirect correlation approaches with Monte Carlo simulation to assess construction costs under uncertainty with positively... Read more
Key finding: Proposed a novel MCDM methodology that separates cost criteria from other decision criteria in the ranking process, applying Pareto optimality and post-hoc cost evaluation. This approach enhances decision-maker ability to... Read more
Key finding: Developed a computational model combining survey-derived delay and cost overrun factors with factor analysis and algorithmic recommendations to proactively track, analyze, and mitigate construction schedule delays and... Read more
Key finding: Extended performance-based design via metaheuristic optimization to minimize total construction cost of cantilever retaining walls under seismic performance constraints. The multi-objective framework balances cost-efficiency... Read more

All papers in Construction Cost

Due to the inherent randomness of environmental, hydraulic, and structural parameters, the safe design of rubble-mound berm breakwaters requires probabilistic approaches and reliability-based analyses. This study presents a comprehensive... more
Performance-based maintenance contracts differ significantly from method-based contracts that have been traditionally used to maintain roads. Road agencies around the world have moved towards a performance based contract approach because... more
This paper presents a procedure to optimize the construction of mass concrete structures using genetic algorithms. Due to cement hydration, thermal and shrinkage strains take place in concrete at early ages and, if they are restrained,... more
Plants cope with the environment by displaying large phenotypic variation. Two spectra of global plant form and function have been identified: a size spectrum from small to tall species with increasing stem tissue density, leaf size, and... more
Renovation usually increases the aesthetic and market value of buildings. Consequently, with the rapid growth of the city's population and skyrocketing demand for decent housing, the current trend of building conversion and renovation of... more
This research presents a new mathematical framework for the optimal design of elliptical isolated footings under vertical load and two orthogonal moments. The suggested method considers the spatial variation of contact pressure between... more
This paper discusses our experiences in estimating the cost and staffing requirements for the Standard Installation/Division Personnel System (SIDPERS-3) software development project. SIDPERS-3 is the US Army military personnel system, a... more
In the second half of 2007 a major upgrade has been implemented on the Frascati DA NE collider in order to test the novel idea of Crab-Waist collisions. New vacuum chambers and permanent quadrupole magnets have been designed, built and... more
After a long preparatory phase, including a wide hardware consolidation program, the Italian lepton collider DAFNE, is now systematically delivering data to the KLOE-2 experiment. In approximately 200 days of operation 1 fb-1 has been... more
Work supported in part by US Department of Energy contract DE-AC02-76SF00515.
Particle factories are facing their future by looking at the possibility of upgrading the luminosity by orders of magnitude. The upgrade challenges are more stringent at lower energies. Double symmetric rings, enhanced radiation damping,... more
The strong RF focusing is a recently proposed technique to obtain short bunches at the interaction point in the next generation colliders. A large momentum compaction factor together with a very high RF gradient across the bunch provide a... more
PLS-II is an upgraded third generation synchrotron which includes many insertion devices with improved beam properties. Top-up or top-off operation is short time-interval injection to make roughly constant current and is essential to... more
With this document we propose a new electron positron colliding beam accelerator to be built in Italy to study flavor physics in the B-meson system at an energy of 10 GeV in the center-of-mass. This facility is called a high luminosity... more
Cost-effectiveness acceptability curves (CEACs) describe the probability that a new treatment or intervention is cost-effective. The net benefit regression framework (NBRF) allows cost-effectiveness analysis to be done in a simple... more
The objective of this study was to verify the potential of SNAP III (Scheduling and Network Analysis Program) as a support tool for harvesting and wood transport planning in Brazil harvesting subsystem definition and establishment of a... more
Using the commissioning process, states are beginning to improve and optimize their existing building stock as well as ensure that their new construction projects perform according to design. This paper reports on the progress a number of... more
The State of Tennessee recognizes that significant amounts of energy may be wasted in existing state buildings due to inefficient operation and maintenance of heating, cooling, and ventilating equipment and unnecessary operation of... more
The construction industry in Yemen is associated with severe difficulties and constraints that have are common features in most developing countries. There exists a strong requirement for improved construction methodologies, management... more
The Construction industry in Yemen confronts many development constraints, such as the inadequate implementation of appropriate building materials and labour construction technologies. Thus, this research looks over building materials and... more
A unique gas exchange system is described in which photosynthesis, transpiration, and stomatal conductance can be measured on leaves during SO 2 fumigations. SO2 concentrations can be continuously monitored and manipulated between 0 and... more
Price: Microfiche A01 Printed Copy A1 1 Codes are used for pricing all publications. The code is determined by the number of pages in the publ~cation. lnformation pertaining to the pricing codes can be found in the current issue of the... more
This report presents a commemorative history of the Iowa Highway Research Board. It covers a fifty-year time period, beginning with the organization of the Iowa Highway Research Board in December 1949. It examines some of the Board's... more
The transition to low-carbon heating systems is essential to achieving net-zero emissions targets and mitigating the adverse impacts of climate change. The development and deployment of cleaner heating technologies present a significant... more
This paper presents calculations of detector solenoid effects on disrupted primary beam in the ILC 14 mrad extraction line. Particle tracking simulations are performed for evaluation of primary beam loss along the line as well as of beam... more
Originally the PEP-II injection kickers where powered by one power supply. Since the kicker magnets where not perfectly matched, the stored beam got excited by about 7% of the maximum kicker amplitude. This led to luminosity losses which... more
Desgagné and William Thomson, as well as participants of the Montréal Natural Ressources and Environmental Economics Workshop and FQRSC for …nancial support. y HEC Montréal, Institut d'Économie Appliquée.
Choosing a project for which benets accrue to all involved agents but brings major costs or additional benets to only one agent is often problematic. Siting a nationwide nuclear waste disposal or hosting a major sporting event are... more
Constructed wetland systems (CWSs) can offer cost-effective wastewater treatment in developing countries like Pakistan. This study focused on optimizing design and operational parameters of CWSs in horizontal surface flow (HSF), vertical... more
Risk analysis and prediction is a primary monitoring strategy to identify abnormal events occurring in chemical processes. The accidental release of toxic gases may result in severe problems for people and the environment. Risk analysis... more
Geosynthetic reinforcement has been increasingly used over voids or piles in soft soil to support embankments and minimise differential settlement. Due to differential settlement, soil arching is formed and less pressure is applied onto... more
A series of experiments were conducted to investigate and characterize the concept of ferrofluidic induction -a process for generating electrical power via cyclic oscillation of ferrofluid (iron-based nanofluid) through a solenoid.... more
Notice: Changes introduced as a result of publishing processes such as copy--editing and formatting may not be reflected in this document. For a definitive version of this work, please refer to the published source.
Spreadsheets have been used to compare some 90 possible small PV concentrator designs that might be suitable for use at remote sites. They have apertures of about 2m 2 , use BP Solar LBG cells, and employ small aperture modules to reduce... more
The combined efforts of many people have made this report possible. First, we would like to thank ali of our sponsors for making it possible for us to attend this ISU summer session and have the opportunity to work on the Space Solar... more
Freshwater shortage difficulties make it necessary to find new sources of supply. Nowadays desalination is the solution adopted in many countries to solve this problem. All around the planet, regions with lack of freshwater match up with... more
This paper discusses the design and construction of the foundation for a bridge approach embankment which consists of back-to back mechanically stabilized earth walls (MSE) constructed within a wetland area. The walls are highest at the... more
The presented work discusses one of the many response phenomena in the field of fluid–structure interaction, i.e. vortex-excited vibrations. The dynamic model of the examined bicable ropeway is created. Mathematical equations are derived... more
Main parameters of the linac-ring type charm-tau factory are discussed. Different sets of parameters for an electron linac and a positron ring have been considered. It is shown that L=10^33 cm-2 s-1 and even more can be achieved. The... more
Main parameters of linac-ring type $phi$ factory and 1-5 GeV energy proton synchrotron proposed in the framework of the Turkic Accelerator Complex (TAC) Project are discussed
In CTF3 the beam compression of the driving beam structure between the main linac and the decelerating section is obtained with a delay loop and a combiner ring which increase the pulse current by a factor 10. The design of the combiner... more
Advanced management accounting techniques have been seen by IFAC's (1998) evolution framework as a shift towards value creation and providing timely and relevant information needed for decision making. The adoption of advanced management... more
This paper examines the long-term impact and short-term dynamics of macroeconomic variables on international housing prices. Since adequate housing market data are generally not available and usually of low frequency, a panel... more
Commissioning (Cx) of new and existing buildings has been shown to reduce energy usage and can also produce non-energy related benefits such as improved occupant comfort. When compared with other initiatives such as installation of high... more
It is known that intensity of scattered radiation in X-ray generators based on Compton scattering strongly depends on relative position of electron and laser beams. For this reason it is very important to have effective system of... more
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