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.
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.
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.