Research on Influencing Factors of Total Construction Contract Cost Based on Multiple-Factor Regression Analysis and Prediction Model
Publication: ICCREM 2023
ABSTRACT
In the construction of engineering projects, it is of great significance to know the factors affecting the total construction contract fee and realize the prediction of the total construction contract fee for the operation and management of the owner and the construction side. Through the analysis of literature and relevant books, 18 factors affecting the total construction contract cost are sorted out. Based on real data collection, first by factor analysis to extract the common factors that affects the cost of construction general contracting, according to the principal component factor loading, determine the key factors influencing the construction of the total contract fee, and then adopt the method of multiple regression analysis of common factor, and establish the mathematical model for quantitative prediction, finally through the test validation. It is concluded that the prediction model is accurate and has great reference value for the prediction of total construction contract cost.
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ICCREM 2023
Pages: 1117 - 1129
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Published online: Nov 30, 2023
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