Cost Estimation of Architect and Engineer Contracts.
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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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 AE 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 AE contract awards. This approach was effective in that estimates were generated which more closely represented negotiated fees. Author
- Economics and Cost Analysis