Costsignificant modelling its potential for use in southeast Asia

A rich variety of cost models is used in the world's construction industries. In countries exposed to British practice, the use of traditional bills of quantities is common. Elsewhere, bills of quantities may not be used at all. This paper briefly reviews the nature and purpose of cost models b...

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Bibliographic Details
Published in:Engineering, construction, and architectural management construction, and architectural management, 1995-02, Vol.2 (2), p.121-139
Main Authors: POH, PAUL S.H., MALCOLM W. HORNER, R.
Format: Article
Language:English
Subjects:
Cost control
Costsignificance
Estimating practices
Methods of measurement
Southeast Asia
Tenders
Online Access:Get full text
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Summary:A rich variety of cost models is used in the world's construction industries. In countries exposed to British practice, the use of traditional bills of quantities is common. Elsewhere, bills of quantities may not be used at all. This paper briefly reviews the nature and purpose of cost models both in the UK and in southeast Asia. It explains how the principle of costsignificance can lead to a simplified method of measurement which is both wellstructured and sufficiently accurate a halfway house between traditional bills and a single lump sum. By way of example, the derivation of a costsignificant model for student hostels in Singapore is presented. Representing no more than a first step, the problems still to be resolved are outlined. Nevertheless, the techniques seem to hold much promise for the future, and others are encouraged to explore where they might most effectively be applied.
ISSN:0969-9988
DOI:10.1108/eb021007