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UDK: 69.003.12.004.11
DOI: n/a

Published: Građevinar 57 (2005) 6
Paper type: Original scientific paper
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Process-based calculation of construction costs and risk assessment

Ladislav Bevanda, Mladen Radujković

Abstract

One of possible procedures for the "process-based" calculation of project costs and for risk assessment in calculating price of construction work, is described. Costs broken down to individual processes are used to estimate possible risk-related expenditures, i.e. every type of risk is attributed to every type of cost The quantified influences of risk are simulated and the price range required to cover the risk is defined. The risk coverage decision is crucial for the final evaluation of cost in estimating the price of construction projects

Keywords
project management, risk management, estimating costs during price calculation, process-based calculation of construction work, risk assessment

HOW TO CITE THIS ARTICLE:

Bevanda, L., Radujković, M.: Process-based calculation of construction costs and risk assessment, GRAĐEVINAR, 57 (2005) 6

OR:

Bevanda, L., Radujković, M. (2005). Process-based calculation of construction costs and risk assessment, GRAĐEVINAR, 57 (6)
Authors:

Ladislav Bevanda
University of Mostar,
Faculty of Civil Engineering &
HERING Široki brijeg d.o.o.
Radujković Mladen
Mladen Radujković
University of Zagreb
Faculty of Civil Engineering