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- W2323081696 abstract "The competitive environment in the construction industry has been causing contractors to bid with a very small margin of profit. At the same time, overhead costs are ever increasing relative to the project direct costs, as a result of increased requirements for trades coordination, works supervision, and the provision of temporary site facilities. This paper examines the components of the project overhead costs through a thorough study of actual cost data from building-type projects undertaken by a major contracting firm. To this end, the paper makes a comprehensive classification of such costs and presents statistics that can be useful in assisting cost professionals in both estimating and controlling this project's crucial cost component. Finally, the paper discusses three sub-processes aimed at (1) maintaining an updated database of previously incurred overhead costs, (2) estimating the overhead costs for new projects, and (3) controlling the same throughout the construction period." @default.
- W2323081696 created "2016-06-24" @default.
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- W2323081696 date "2008-09-18" @default.
- W2323081696 modified "2023-09-24" @default.
- W2323081696 title "Use of Historical Overhead Costs for Estimation and Control Purposes" @default.
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- W2323081696 doi "https://doi.org/10.1061/41002(328)39" @default.
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