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Construction Cost

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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.
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

This paper investigates the impact of Project Labor Agreements (PLAs) on school construction cost in Massachusetts. Although simple models exhibit a large positive effect of PLAs on construction costs, such effects are absent from more... more
The leaf properties and construction costs (CC) are reported for eight indigenous heath (kerangas) forest species and three invasive (exotic) species of Acacia. Both groups of species co-occur and colonise disturbed lowland tropical heath... more
The construction of large pipeline infrastructures for CH 4 , CO 2 and H 2 transportation usually constitutes a major and time-consuming undertaking, because of safety and environmental issues, legal and (geo)political siting arguments,... more
Development of performance-based design (PBD) methodologies for buildings and a better understanding of the performance and damage to nonstructural components during ground motion events give rise to design problems that involve... more
Civil engineering projects include several uncertainties and risks, due to the special characteristics of construction industry. Time and cost are two parameters that could potentially lead to successful and conforming to regulations... more
Despite the extensive use of simulation in management, the continuous simulation model for cost estimation remains unexploited, especially for construction engineering and management. This study introduces streamlining Monte Carlo... more
* 2. If the corresponding P-value is less than a pre-determinedα , the X variable is added. 3. Assume X7 is the variable added in step 1, the stepwise regression routine now fits next regression model with two X variables, where X7 is one... more
There is an increasing interest by Departments of Transportation in the development and implementation of durable structural systems for accelerated bridge construction. The main objective is to minimize construction costs, and the impact... more
The cost of building rail transit facilities in the United States has skyrocketed in recent decades. Sections of Los Angeles's Red Line subway cost more than $750 million per mile to build and even less pricey light-rail systems can cost... more
This paper investigates the impact of Project Labor Agreements (PLAs) on school construction cost in Massachusetts. Although simple models exhibit a large positive effect of PLAs on construction costs, such effects are absent from more... more
Identification of cost-determinant variables and evaluation of their degree of influence play an essential role in building reliable cost models and enhance the competitive edge of quantity surveyors as well as contracting organisations.... more
Energy storage systems are becoming more important for load leveling, especially because of the widespread use of intermittent renewable energy. Compressed air energy storage (CAES) is a very promising method for energy storage because... more
by Amimul Ahsan and 
1 more
Rainwater tanks for larger roof areas need optimisation of tank size, which is often not carried out before installation of these tanks. This paper presents a case study of rainwater tank evaluation and design for large roof areas,... more
The launch and deployment of picosatellites from the Stanford University OPAL microsatellite in February 2000 demonstrate the feasibility and practicability of a new age of space experimentation. Two of the six picosatellites deployed... more
This paper investigates the overhead cost practices of construction companies in Saudi Arabia. Although overhead costs are extremely important in construction estimation, they can be easily overlooked. Neglecting overhead has forced some... more
Laboratory experiments have shown a large difference in specific leaf area (SLA, leaf area : leaf mass) between species from nutrient-poor and nutrient-rich habitats, but no systematic difference in the construction costs (the amount of... more
Simultaneous consideration of initial construction cost and failure risk in practical design of critical hydraulic structures is a long-standing problem in water resources planning and management. Despite extensive efforts to effectively... more
To be affordable, a house must be designed and constructed to last; an approach to building that embraces sustainability principles. Energy efficient construction is proven to reduce the long-term costs of owning a house; it also improves... more
This paper discusses the estimation cost in terms of effort spent on a software product (project). COCOMO II.2000 Model has been employed for estimating the effort of an embedded system project. This study has been made in a software... more
Lane closures during paving operations on rural two-lane roads usually restrict the continuity of paving operations, causing delay in paving time and thus affecting the production rates. This paper presents a simulation model that was... more
Artificial neural networks have been used for simulation, modeling, and control purposes in many engineering applications as an alternative to conventional expert systems. Although neural networks usually do not reach the level of... more
Four different pilot-scale treatment units were constructed to compare the feasibility of treating domestic wastewater in the City of Heraklio, Crete, Greece: (a) a free water surface (FWS) wetland system, (b) a horizontal subsurface flow... more
The launch and deployment of picosatellites from the Stanford University OPAL microsatellite in February 2000 demonstrate the feasibility and practicability of a new age of space experimentation. Two of the six picosatellites deployed... more
Network physical links configuration is one of the most important problems of mobile communication network planning because it will determine the long-term performance and service quality of networks. In the 4G Radio Access Network (RAN)... more
""Part of each feasibility study of a food production plant is to make an estimation of the “future” investment costs in such a plant. In this document, three rapid investment cost estimation methods are explained: 1) the indexed 0.6... more
Abstract Timber–concrete composite beams and slabs require interlayer connectors, which provide composite action in the cross-section. A range of mechanical connectors is available on the market with an extensive variety of stiffness and... more
During the last few decades many developments in computer science, software programming and application production have been adopted by various engineering disciplines. These developments are mostly focusing on Artificial Intelligence... more
Prepared in cooperation with the Indiana Department of Transportation and Federal Highway Administration.
Budgeting, bidding and planning of software project effort, time and cost are essential elements of any software development process. Massive size and complexity of now a day produced software systems cause a substantial risk for the... more
Purpose -Labour usage represents one of the critical elements in the Malaysia construction industry due to severe shortage of local workers. This paper aims to present a construction performance comparison between conventional building... more
Current software cost estimation models, such as the 1981 Constructive Cost Model (COCOMO) for software cost estimation and its 1987 Ada COCOMO update, have been experiencing increasing difficulties in estimating the costs of software... more
This paper disentangles the complexities of the commercial real estate market and provides a clear structure to understand the key determinants driving property market performance. There is a preference for using GDP, unemployment rate,... more
Shape is an important consideration in green building design due to its significant impact on energy performance and construction costs. This paper presents a methodology to optimize building shapes in plan using the genetic algorithm.... more
This paper is a contribution to the study of tunnelling in difficult conditions, with attention paid to large time-dependent deformations, which may develop either during construction, causing instabilities of the tunnel heading and of... more
لعل أول مطلب عند التفكير في إقامة مشروع معين هو التكاليف الخاصة بالمشروع ، وذلك لمعرفة إمكانية القيام بالمشروع من عدمه و عمل دراسات الجدوى الاقتصادية له ، ولذلك فإن تكاليف إقامة أي مشروع تكون متعددة العناصر ويمثل الجزء الخاص بتكاليف... more
Six storm-water best management practices ͑BMPs͒ for treating urban rainwater runoff were evaluated for cost and effectiveness in removing suspended sediments and total phosphorus. Construction and annual operating and maintenance ͑O and... more
บทคัดย่อ : งานออกแบบฐานรากและโครงสร้างทางด้านวิศวกรรมปฐพี ยังไม่มีความชัดเจนในเรื่องการกําหนดค่าอัตราส่วนความปลอดภัย โดยปกติทั่วไปมักจะใช้ค่าอัตราส่วนความปลอดภัยระหว่าง 1.2 - 4.0... more
Synopsis Scattered case studies and anecdotal information form the "conventional wisdom" that building commissioning is highly cost-effective. Given that this belief has not been systematically or comprehensively documented, it... more
A computer program called HYDRA, that calculates the optimal design parameters of hydropower plants, is described here. This is done by utilizing the well known principle of optimising power losses and construction costs. Up to now it has... more
This research spotlights the issue that decisions made at the early stages of building design have the greatest and impact on cost implications for construction and the building lifecycle. While the design of services (heating,... more
This paper is a contribution to the study of tunnelling in difficult conditions, with attention paid to large time-dependent deformations, which may develop either during construction, causing instabilities of the tunnel heading and of... more
Providing adequate proper housing is one of Malaysian government agenda towards becoming a develop nation in Wawasan Kemakmuran Bersama 2030. Under previous Construction Industry Transformation Plan (CITP) 2015, the government aims to... more
A study was conducted to stabilize low stiffness road surface material with high carbon fly ash. The non-cementitious Maryland fly ash was activated with another recycled material, lime kiln dust (LKD). California bearing ratio (CBR) and... more
Prepared in cooperation with the Indiana Department of Transportation and Federal Highway Administration.
Using a panel of Major League Baseball team attendance data for the period 1950-2003, we determine that after controlling for team quality and other factors, a new modern era ballpark adds 27-36% to total attendance over a ten-year period... more
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