Causal relationship between material price fluctuation and project’s outturn costs

Volume: 8, Issue: 4, Pages: 358 - 371
Published: May 23, 2018
Abstract
Purpose A section of project management literature attributes overruns to estimators’ deceit and delusion. An example of this is Flyvbjerg’s theorisation of strategic misrepresentation and optimism bias. To show that such a notion is not true entirely, the study elicits evidence relating to how costs of projects often fluctuate erratically as prices of construction materials change throughout contract cycle times. The purpose of this...
Paper Details
Title
Causal relationship between material price fluctuation and project’s outturn costs
Published Date
May 23, 2018
Volume
8
Issue
4
Pages
358 - 371
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