Determining the probability distribution of rework costs in construction and engineering projects

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Determining the probability distribution of rework costs in construction and engineering projects

Rework arises due to design errors, changes and omissions during design and has been found to contribute to 52% of a project’s cost overrun. The statistical characteristics of rework costs experienced from contract award in 276 construction and engineering projects were analysed. The skewness and ku...

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Bibliographic Details
Main Authors:	Love, Peter, Sing, Michael
Format:	Journal Article
Published:	Taylor & Francis 2013
Subjects:	indirect cost direct cost rework Generalised Pareto distribution contract value
Online Access:	http://hdl.handle.net/20.500.11937/3835

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