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Comparative analysis of pre-bid forecasting of building prices based on Singapore data

Author

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  • John Gunner
  • Martin Skitmore

Abstract

An analysis is described of a sample of pre-bid forecasts for 181 Singapore building contracts awarded between 1980 and 1991 in comparison with previous research results in this topic. Despite the apparent contradictions that occur between findings, it is shown that such differences could be illusionary due to a general lack of reported significance levels together with, in some cases, small sample sizes. As a result it is suggested that a general commonality in outcomes may exist in the form of a single underlying variable.

Suggested Citation

  • John Gunner & Martin Skitmore, 1999. "Comparative analysis of pre-bid forecasting of building prices based on Singapore data," Construction Management and Economics, Taylor & Francis Journals, vol. 17(5), pages 635-646.
    • Handle: RePEc:taf:conmgt:v:17:y:1999:i:5:p:635-646
    DOI: 10.1080/014461999371240
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    Citations

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    Cited by:

    1. Daisy Yeung & Martin Skitmore, 2012. "A method for systematically pooling data in very early stage construction price forecasting," Construction Management and Economics, Taylor & Francis Journals, vol. 30(11), pages 929-939, November.
    2. Igor Peško & Vladimir Mučenski & Miloš Šešlija & Nebojša Radović & Aleksandra Vujkov & Dragana Bibić & Milena Krklješ, 2017. "Estimation of Costs and Durations of Construction of Urban Roads Using ANN and SVM," Complexity, Hindawi, vol. 2017, pages 1-13, December.
    3. Heinz Herrmann, 2019. "How to Increase Profits Through Predictive Analytics When Only Few Competitors’ Bids Are Known," FIIB Business Review, , vol. 8(1), pages 61-76, March.

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