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Comparative analysis of pre-bid forecasting of building prices based on Singapore data

John Gunner and Martin Skitmore

Construction Management and Economics, 1999, vol. 17, issue 5, 635-646

Abstract: An analysis is described of a sample of pre-bid forecasts for 181 Singapore building contracts awarded between 1980 and 1991 in comparison with previous research results in this topic. Despite the apparent contradictions that occur between findings, it is shown that such differences could be illusionary due to a general lack of reported significance levels together with, in some cases, small sample sizes. As a result it is suggested that a general commonality in outcomes may exist in the form of a single underlying variable.

Keywords: Accuracy; Building; Estimating; Pre-bid Estimates; Statistical Analysis (search for similar items in EconPapers)
Date: 1999
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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DOI: 10.1080/014461999371240

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