Parametric Estimating: An Equation for Estimating Buildings

Abstract

Historically, the need for accurate and reliable cost estimates prior to the actual design has proven to be invaluable. One technique being utilized by the construction industry to fulfill this need is parametric estimating. The objective of this paper is to develop a parametric estimating model. In order to achieve this goal the concepts and theory behind parametric estimating are first explained and then demonstrated by the presentation of two previously published parametric models. Lastly, a parametric model developed to provide predesign estimates for buildings is explained and tested. Keywords: Regression analysis; Tables data. (KR)

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1988
Accession Number
ADA201930

Entities

People

  • Robert J. Mcgarrity

Organizations

  • Georgia Tech

Tags

Communities of Interest

  • Energy and Power Technologies
  • Engineered Resilient Systems

DTIC Thesaurus Topics

  • Accuracy
  • Analysis Of Variance
  • Civil Engineering
  • Computer Programs
  • Computers
  • Corporations
  • Cost Estimates
  • Data Science
  • Databases
  • Engineering
  • Engineers
  • Information Science
  • Office Buildings
  • Price Index
  • Regression Analysis
  • Specifications
  • Standards

Fields of Study

  • Engineering

Readers

  • Computational Modeling and Simulation