Building Egypt 1 - A General Indicator Cost Index for the Egyptian Construction Industry

The main objective of this article is to initiate building a cost index to serve as a price indicator for the construction industry in Egypt. The model (Egypt 1 Indices) developed for building the indices in this article has been derived based on the "Engineering News-Record" (ENR) indices...

Full description

Saved in:
Bibliographic Details
Published in:Cost engineering (Morgantown, W. Va.) W. Va.), 2008-04, Vol.50 (4), p.18
Main Authors: Hassanein, Amr A G, Khalil, Bahaee N L
Format: Article
Language:English
Subjects:
Cement
Construction costs
Construction industry
Cost engineering
Forecasting
Forecasting techniques
Labor costs
Price indexes
Price quotations
Studies
Trends
Wage rates
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The main objective of this article is to initiate building a cost index to serve as a price indicator for the construction industry in Egypt. The model (Egypt 1 Indices) developed for building the indices in this article has been derived based on the "Engineering News-Record" (ENR) indices model with modifications to better suit the Egyptian market. Egypt 1 Indices are comprised of three indices which serve as a general construction price indicator for the construction industry price movement in Egypt. The period analyzed in this research is 11 years (1988 through 1998). The validation of Egypt 1 Indices numbers produced in this article showed that each index does indeed represent the respective type of building for which it was computed. Further, the analysis of Egypt 1 Indices compared to the indices published by the ENR reveals that both indices exhibit trends that are generally similar from the year 1992 up to 1998 (the last year included in this study). [PUBLICATION ABSTRACT]
ISSN:0274-9696