OJAcct  Vol.1 No.1 , July 2012
The Design of Cost Estimating Model of Construction Project: Application and Simulation
ABSTRACT
Construction projects are encountered with serious risks in the completion of the project. One of these risks is the inaccuracy of cost estimate; the project is carried out under conditions of uncertainty, it is whether the over- or underestimate of construction works. This is due to inadequate knowledge of current existing costs, so it leads to a set of difficulties hindering, the smooth progress of the project. Hence, it arises the need to set out a cost estimating model in line with major studies made locally and internationally in terms of estimating methods and a common relationships between various expenses so that the cost estimate would be more realistic.

Cite this paper
A. Challal and M. Tkiouat, "The Design of Cost Estimating Model of Construction Project: Application and Simulation," Open Journal of Accounting, Vol. 1 No. 1, 2012, pp. 15-26. doi: 10.4236/ojacct.2012.11003.
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