Accession Number : ADA112767

Title :   Cost Estimation of Architect and Engineer Contracts.

Descriptive Note : Master's thesis,


Personal Author(s) : Herndon,Everette L , Jr

PDF Url : ADA112767

Report Date : Dec 1981

Pagination or Media Count : 176

Abstract : Architectural and engineering firms are selected for government projects via a technical competition method with a fair and reasonable fee determined through negotiations. The criteria for what is fair and reasonable is the government estimate. There is a limited guidance available on the preparation of estimates for A/E contracts. Additionally, there is limited use of empirical information due to the lack of an organized database. This research defined the cost estimation method as a decision process and supported that process with numerous analytical computations, statistical techniques, and regression cost models derived from a database comprised of previous A/E contract awards. This approach was effective in that estimates were generated which more closely represented negotiated fees. (Author)

Descriptors :   *Cost Estimates, *Contracts, *Government procurement, *Data bases, *Cost models, Architects, Engineers, Decision making, Computations, Methodology, Theses, Selection, Files(Records), Validation, Test and evaluation, Statistical processes, Regression analysis, Preparation, Data acquisition

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE