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- W2000269211 abstract "Purpose – Competitively bid construction projects are often completed for amounts greater than the original low‐bid amount. Improved methods of predicting a projects potential to experience large cost overruns would be useful to government agencies for planning capital budgets. The purpose of this paper is to explore the application of treesmaps to the analysis of competitively bid project cost overruns.Design/methodology/approach – In this research a data visualization technique called treemaps was explored as a method of describing the nature of the bids for highway construction projects, and as a method of relating the characteristics of a projects bids to the observed increase in completed project cost. Ratios were calculated that measured bid characteristics for projects from Texas and California. Treemaps were constructed that related the level of the bidding ratios to the level of the difference between the completed project and the original low‐bid amountFindings – It was found that the treemaps i..." @default.
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- W2000269211 date "2007-10-16" @default.
- W2000269211 modified "2023-09-22" @default.
- W2000269211 title "Application of treemaps to the analysis of competitively bid project cost overruns" @default.
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- W2000269211 doi "https://doi.org/10.1108/14714170710780093" @default.
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