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Civil-Comp Proceedings
ISSN 1759-3433 CCP: 102
PROCEEDINGS OF THE FOURTEENTH INTERNATIONAL CONFERENCE ON CIVIL, STRUCTURAL AND ENVIRONMENTAL ENGINEERING COMPUTING Edited by:
Paper 158
Construction Project Cost Prediction using Text and Data Mining T.P. Williams and J. Gong
Department of Civil and Environmental Engineering
T.P. Williams, J. Gong, "Construction Project Cost Prediction using Text and Data Mining", in , (Editors), "Proceedings of the Fourteenth International Conference on Civil, Structural and Environmental Engineering Computing", Civil-Comp Press, Stirlingshire, UK, Paper 158, 2013. doi:10.4203/ccp.102.158
Keywords: construction costs, data mining, text mining.
Summary
In this paper, text data from a sample of competitively bid California highway
projects has been used to predict the likely level of cost overrun in construction projects. A text description of the project and the text of the five largest project line items were used as input. The text data were converted to numerical attributes using text-mining algorithms and singular value decomposition. Classification rules were produced using the Ridor (ripple down rules) classification algorithm. Results of the modeling effort showed that the text data could be used to gain insight into the likely level of project cost overrun.
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