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Methods of analysing risk exposure in the cost estimates of high quality offices

By: Language: English Series: Construction Management & Economics ; 10(5) 1992, 431-449(19)Publication details: 1992Subject(s): Summary: Compares two techniques for analysing the element of client`s risk exposure in building cost estimates. One is the `conventional statistical` method: the other is known as the `Monte Carlo simulation` type. A case study is given to exemplify both methods.

Compares two techniques for analysing the element of client`s risk exposure in building cost estimates. One is the `conventional statistical` method: the other is known as the `Monte Carlo simulation` type. A case study is given to exemplify both methods.