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Title: Computerised analyses of estimating inaccuracy and tender variability : causes, evaluation and consequences
Author: Abdel-Razek, Refaat Hassan
ISNI:       0000 0001 3389 562X
Awarding Body: Loughborough University of Technology
Current Institution: Loughborough University
Date of Award: 1987
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The two elements of a tender sum are the cost estimate and the mark-up. Variations in tenders can be attributed to inaccuracy in the estimate and variations in the applied mark-up. The weaknesses of current published literature are that the causes of the inaccuracy in the estimate or the variability in a mark-up are not defined in such a way that they can be analysed and evaluated. The inaccuracy of a cost estimate results from combining the inaccuracy of its constituent elements. Thus the inaccuracy of each element needs to be evaluated. The consequences of estimating inaccuracy and mark-up variability are inadequately described in current literature, which tends to assume that mark-up variability is negligible. This research addresses these weaknesses.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Budget estimation