Technical Notes
Feb 18, 2014

Risk-Informed Time-Cost Relationship Models for Sanitation Projects

Publication: Journal of Construction Engineering and Management
Volume 140, Issue 5

Abstract

The purpose of this study is to (1) verify whether the time performance of water and sewer projects is statistically different; and (2) develop time-cost relationship (TCR) models for sanitation projects in Chicago, Illinois. The analysis is performed on data from 180 projects completed in Chicago between 1994 and 2002. Because the time performance of a construction project is not entirely explained by the cost, a practical application is also suggested for using the TCR models confidence level intervals to quantify the qualitative risk level associated with the project time performance.

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Acknowledgments

The authors acknowledge ICIST-IST Research Institute for supporting the research, the Calouste Gulbenkian Foundation for the grant supporting the research at Ryerson University, the Fulbright for the grant supporting the research at UCDavis, and the Portuguese National Science Foundation for grants SFRH/BD/35925/2007 and SFRH/BD/39923/2007.

References

Bromilow, F. J. (1969). “Contract time performance—Expectation and the reality.” Build. Forum, 1(3), 70–80.
CALTRANS. (2007). Project risk management handbook: Threats and opportunities, 2nd Ed., Office of Statewide Project Management Improvement (OSPMI), Sacramento, CA.
Carr, P. G. (2005). “Investigation of bid price competition measured through prebid project estimates, actual bid prices, and number of bidders.” J. Constr. Eng. Manage., 1165–1172.
Choudhury, I., and Rajan, S. S. (2003). “Time-cost relationship for residential construction in Texas.” The 20th CIB W78 Conf. on Information Technology in Construction, Waiheke Island, Auckland, New Zealand.
Hoffman, G. J., Thal, A. E., Jr., Webb, T. S., and Weir, J. D. (2007). “Estimating performance time for construction projects.” J. Manage. Eng., 193–199.
Kenley, R. (2001). “The predictive ability of Bromilow’s time-cost model: Comment.” Constr. Manage. Econ., 19(8), 759–764.
Osborne, J. W., and Overbay, A. (2004). “The power of outliers (and why researchers should always check for them).” Pract. Assess. Res. Eval., 9(6), 1–12.
Sousa, V. F. (2012). “Risk management in construction: Application to urban drainage systems.” Ph.D. thesis, IST-Technical Univ. of Lisbon, Lisbon, Portugal (in Portuguese).
Yousef, G., and Baccarini, D. (2001). “Developing a cost-time model for estimating construction durations of sewerage projects in Perth, Western Australia.” J. Constr. Res., 2(2), 213–220.

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Go to Journal of Construction Engineering and Management
Journal of Construction Engineering and Management
Volume 140Issue 5May 2014

History

Received: Jul 30, 2013
Accepted: Jan 26, 2014
Published online: Feb 18, 2014
Published in print: May 1, 2014
Discussion open until: Jul 18, 2014

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Authors

Affiliations

Vitor Sousa [email protected]
Assistant Professor, Dept. of Civil Engineering, Architecture and Georesources, IST-Technical Univ. of Lisbon, Av. Rovisco Pais 1, 1049-001 Lisbon, Portugal (corresponding author). E-mail: [email protected]
Nuno Marques Almeida [email protected]
Assistant Professor, Dept. of Civil Engineering, Architecture and Georesources, IST-Technical Univ. of Lisbon, Av. Rovisco Pais 1, 1049-001 Lisbon, Portugal. E-mail: [email protected]
Luís Alves Dias [email protected]
Professor, Dept. of Civil Engineering, Architecture and Georesources, IST-Technical Univ. of Lisbon, Av. Rovisco Pais 1, 1049-001 Lisbon, Portugal. E-mail: [email protected]
Fernando António Branco [email protected]
Full Professor, Dept. of Civil Engineering, Architecture and Georesources, IST-Technical Univ. of Lisbon, Av. Rovisco Pais 1, 1049-001 Lisbon, Portugal. E-mail: [email protected]

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