Material Price Risks Impact on Project Costs Research

Jian Feng Li; Yue Shen; Li Jiao Xu; Yuan Suo

doi:10.4028/www.scientific.net/AMR.243-249.6344

Paper Titles

An Application of the FAHP to High-Rise Building Fire Risk Indexes Analyzing
p.6319

Strategy Evaluation System of Large-Scale Public Buildings in Emergency Crisis
p.6327

Case Study of the Bird's Nest: Risks and Opportunities in China's PPP Implementations in Major Sports Facilities
p.6332

Ontology-Based Interorganizational Knowledge Management in Sustainable Construction Project
p.6339

Material Price Risks Impact on Project Costs Research
p.6344

Construction Claims Management of Civil Engineering
p.6348

Research on Construction Risk Management System for Beijing Subway Suzhou Street Station
p.6352

Evaluation of Team Learning in Expressway Projects
p.6357

Fuzzy Analytic Hierarchy in Project Risk Management - New Stadium Construction Project in Weifang City
p.6362

HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 243-249Material Price Risks Impact on Project Costs...

Material Price Risks Impact on Project Costs Research

Abstract:

“Code of valuation with bill quantity of construction works”(GB50500-2008)published in July 2008 proposes a new concept of “Bidding Control Price” instead of “base bid price”. This paper firstly introduces the calculation program of Bidding Control Price which is different from the calculation program of base bid price. The calculation method of material price risk changes greater and it is the focus of our discussion. Article probes into the impact of material price risk on project cost, applying Grey Forecasting Model to discuss a reasonable method of determining material price risk, which provides a new feasible solution to determine an appropriate cost of project. Article concludes with examples which show that different material price risks have great impact of project costs. This paper has some instructive significance for the calculation of project cost in new code.

You might also be interested in these eBooks

Advances in Civil Engineering and Architecture

View Preview

Info:

Periodical:

Advanced Materials Research (Volumes 243-249)

Pages:

6344-6347

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.243-249.6344

Citation:

Cite this paper

Online since:

May 2011

Authors:

Jian Feng Li, Yue Shen, Li Jiao Xu, Yuan Suo

Keywords:

Bidding Control Price, BOQ, GM(1,1), Grey Forecasting Model, Risk

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] Ministry of Housing and Urban-Rural Development. Code of valuation with bill quantity of construction works (GB50500-2008). Beijing: China Planning Press, 2008.

Google Scholar

[2] Shaanxi Province Department of Housing and Urban-Rural Development. Shaanxi Code of valuation with bill quantity of construction works. Shaanxi Press, Shaanxi People's Publishing House, 2009.

DOI: 10.18240/ijo.2021.04.14

Google Scholar

[3] Yilin Yin, Jine Zhou: Construction Economics. Vol.3 (2009), pp.98-101.

Google Scholar

[4] Xueming Tao, Ying Li: Construction Economics. Vol.7(2007), pp.73-75.

Google Scholar

[5] Youlian Li: Journal of Guang Dong Communications Polytechnic. Vol.7 (2008), pp.65-71.

Google Scholar

[6] Zhongtao Wong: Grey forecasting model technology research. Southwest Jiaotong University, 2008.

Google Scholar