2022
DOI: 10.1108/ecam-03-2022-0266
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Conceptual cost estimation of highway bid items – A systematic literature review

Abstract: PurposeChallenges associated with ensuring the accuracy and reliability of cost estimation of highway construction bid items are of significant interest to state highway transportation agencies. Even with the existing research undertaken on the subject, the problem of inaccurate estimation of highway bid items still exists. This paper aims to assess the accuracy of the cost estimation methods employed in the selected studies to provide insights into how well they perform empirically. Additionally, this researc… Show more

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Cited by 1 publication
(1 citation statement)
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References 109 publications
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“…Findings from an in-depth review of literature by Awuku et al (2022) indicate that North America, Asia, Europe, and the Middle East made the largest contributions to the advancement of highway cost estimation research between 1983 and 2019. Despite the huge degree and frequency of cost overruns in construction projects in developing countries, including Nigeria, few studies have been conducted on the cost performance of highway projects and the factors impacting highway project performance.…”
Section: Introductionmentioning
confidence: 99%
“…Findings from an in-depth review of literature by Awuku et al (2022) indicate that North America, Asia, Europe, and the Middle East made the largest contributions to the advancement of highway cost estimation research between 1983 and 2019. Despite the huge degree and frequency of cost overruns in construction projects in developing countries, including Nigeria, few studies have been conducted on the cost performance of highway projects and the factors impacting highway project performance.…”
Section: Introductionmentioning
confidence: 99%