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Paper I.3

A Computer Model for the Assessment of Construction Price Changes under High Inflation

C. Maroun and S Alkass

Centre for Building Studies, Concordia University, Montreal, Quebec, Canada

doi:10.4203/ccp.15.1.3

C. Maroun, S Alkass, "A Computer Model for the Assessment of Construction Price Changes under High Inflation", in B.H.V. Topping, (Editor), "Developments in Civil & Construction Engineering Computing", Civil-Comp Press, Edinburgh, UK, pp 15-23, 1993. doi:10.4203/ccp.15.1.3

Abstract

Price escalation formulas were used to adjust for the changes in the prices of construction contracts for works executed in a highly inflated economy. In this work, two different set of price revision formulas were studied and the effects of changing the coefficients assigned to the construction components in these formulas were determined. A regression analysis was then conducted, aiming at reducing the number of variables in the price revision formulas to the two most sensitive ones, namely the Exchange rate and the Labour minimum monthly wage.

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Front Page Browse CCP CSETS CTR IJRT Other Authors Search Purchase Guide FAQ Contact us	Civil-Comp Proceedings ISSN 1759-3433 CCP: 15 DEVELOPMENTS IN CIVIL & CONSTRUCTION ENGINEERING COMPUTING Edited by: B.H.V. Topping Paper I.3 A Computer Model for the Assessment of Construction Price Changes under High Inflation C. Maroun and S Alkass Centre for Building Studies, Concordia University, Montreal, Quebec, Canada doi:10.4203/ccp.15.1.3 purchase the full-text of this paper Full Bibliographic Reference for this paper C. Maroun, S Alkass, "A Computer Model for the Assessment of Construction Price Changes under High Inflation", in B.H.V. Topping, (Editor), "Developments in Civil & Construction Engineering Computing", Civil-Comp Press, Edinburgh, UK, pp 15-23, 1993. doi:10.4203/ccp.15.1.3 Abstract Price escalation formulas were used to adjust for the changes in the prices of construction contracts for works executed in a highly inflated economy. In this work, two different set of price revision formulas were studied and the effects of changing the coefficients assigned to the construction components in these formulas were determined. A regression analysis was then conducted, aiming at reducing the number of variables in the price revision formulas to the two most sensitive ones, namely the Exchange rate and the Labour minimum monthly wage. purchase the full-text of this paper (price £20) go to the previous paper go to the next paper return to the table of contents return to the book description purchase this book (price £55 +P&P)
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