Archives of Civil Engineering

Starczyk-Kołbyk, Anna; Kruszka, Leopold

doi:10.24425/ace.2020.131781

2020

DOI: 10.24425/ace.2020.131781

|View full text |Cite

Archives of Civil Engineering

Anna Starczyk-Kołbyk

Leopold Kruszka

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2021

2024

Publication Types

Select...

Article2

Relationship

Self Cite0

Independent2

Authors

Journals

Cited by 2 publications

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Randomized Estimation of the Net Present Value of a Residential Housing Development

2021

View full text Add to dashboard Cite

Randomized estimation of the net present value of a housing development allows for the assessment of the efficiency of projects in random implementation conditions. The efficiency of a project is estimated on the basis of primary input data, usually used in project planning. For this purpose, random disturbances are identified that may randomly affect the course and results of the project. The probability and severity of disturbances are determined. The primary initial data is then randomized, and a randomized probabilistic index of the project’s net present value is calculated, the value of which indicates whether the project is profitable or whether implementation should be stopped. Based on this data, the expected total revenue, the expected total cost, the expected gross profit, and the net present value of the randomized performance of the project are calculated. The values of these are estimated for expected, favorable, and unfavorable conditions of implementation. Finally, the risks for the total revenue and total cost of the project are calculated and plotted for comparative revenue values in the range [1, 0] and cost in the range [0, 1]. Their analysis makes it possible to make the right investment decisions before starting the investment at the preparation stage.

show abstract

Randomized Estimation of the Net Present Value of a Residential Housing Development

2021

View full text Add to dashboard Cite

show abstract

Determination of the Contract Risk Buffer in the Construction Industry

Więcław-Bator,

Kruszka

2024

Civil and Environmental Engineering Reports

View full text Add to dashboard Cite

This article presents an analysis of the volatility of construction project implementation costs, with a particular focus on medium- and long-term projects. Inherent fluctuations in the prices of construction inputs require contractors to use advanced methods of calculating bid prices and formulating base budgets, in accordance with best practices in cost risk management. The article presents an algorithm for determining the contract risk buffer resulting from the increase in the cost of construction work, taking into account the key determinants of risk and their impact on final investment costs. It also discusses legal issues, such as the allocation of risk between contracting parties, and economic aspects related to the construction sector, including the improvement of forecasting tools in the area of investment costs. In addition, the analysis covers issues related to the management of construction projects, the organization of construction processes and the complexity of project structures. The multi-criteria approach used enables a comprehensive assessment of the risks involved in estimating the cost of construction projects.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Archives of Civil Engineering

Cited by 2 publications

References 0 publications

Randomized Estimation of the Net Present Value of a Residential Housing Development

Randomized Estimation of the Net Present Value of a Residential Housing Development

Determination of the Contract Risk Buffer in the Construction Industry

Contact Info

Product

Resources

About