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Application of Horner's theory: the pricing of preliminaries in building projects

By: Contributor(s): Series: Building Economist ; March 2003, 22-28(7)Publication details: 2003Subject(s): Summary: Looks at the application of Horner's Theory, which argues that 80% of the value of the bill of quantities is accounted for by 20% of the bill items. Suggests that estimaters should concentrate more on the pricing of these cost significant preliminaries when preparing estimates for tender purposes.

Looks at the application of Horner's Theory, which argues that 80% of the value of the bill of quantities is accounted for by 20% of the bill items. Suggests that estimaters should concentrate more on the pricing of these cost significant preliminaries when preparing estimates for tender purposes.