Cost Estimation of Architect and Engineer Contracts.
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)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1981
- Accession Number
- ADA112767
Entities
People
- Everette L. Herndon Jr
Organizations
- Naval Postgraduate School