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Civil-Comp Proceedings
ISSN 1759-3433 CCP: 49
INNOVATION IN CIVIL AND CONSTRUCTION ENGINEERING Edited by: M.B. Leeming and B.H.V. Topping
Paper VI.3
Development of a Computerised Cost Indices Forecasting Model for Construction Activities in the Heavy Civil Engineering Industry W. Bates and N. Dawood
Division of Civil Engineering and Building, The University of Teesside, Middlesbrough, United Kingdom W. Bates, N. Dawood, "Development of a Computerised Cost Indices Forecasting Model for Construction Activities in the Heavy Civil Engineering Industry", in M.B. Leeming, B.H.V. Topping, (Editors), "Innovation in Civil and Construction Engineering", Civil-Comp Press, Edinburgh, UK, pp 189-198, 1997. doi:10.4203/ccp.49.6.3
Abstract
Forecasting the future for anyone or anything is an extremely difficult task "Mystic Meg will tell you that". With engineering, the difficulties lie in the different circumstances surrounding projects. It has been said that to define the future we must look to the past. This being the case a lot of approaches used to predict the future are projections of the past. To simplify extrapolations, indices were used to represent items, such as cost. The lack of accurate and incomprehensible forecasts, with regard to cost in the heavy civil engineering industry, lead to the development of this paper and the overall research.
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