Cost estimation performance in the Construction Projects: A systematic review and future directions.
Cost estimation in a construction project is very critical to avoid cost overrun in the project. This paper aims to provide a basis to improve cost estimation performance in construction through a systematic review of previous studies for the last 31 years. The papers identified a total of 238 const...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Malaysia Pahang
2021
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/33248/1/COST%20%20ESTIMATION%20%20PERFORMANCE.pdf http://umpir.ump.edu.my/id/eprint/33248/ https://doi.org/10.15282/ijim.11.1.2021.6131 https://doi.org/10.15282/ijim.11.1.2021.6131 |
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| Summary: | Cost estimation in a construction project is very critical to avoid cost overrun in the project. This paper aims to provide a basis to improve cost estimation performance in construction through a systematic review of previous studies for the last 31 years. The papers identified a total of 238 construction cost estimation papers in 23 journals. Only 33 papers focused on factors influencing the performance of cost estimation. These papers were then analyzed, synthesized, and summarized in terms of the distribution across countries and citation influences. The factors of cost estimation performance were clustered into several themes with most of the factors in control themes. The factors in control themes are cluttered based on Organizational Control Theory (OCT). However, control themes provide less conceptual basis and dynamic to explain cost estimation performance and relationship among the factors. Therefore, this study reclassified other factors of cost estimation performance with reference to Contingency Theory (CT) and Task Technology Fit Theory (TTFT). Hence, a new framework with a relationship among the factors and cost estimation performance was developed. Further development and research of using the CT and TTFT frameworks were also discussed. |
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