Investigation into the current practice of cost estimating and the introduction of a standard price book in the Malaysia construction industry

Byung Gyoo Kang, Vin Shern Eng, Boon Hoe Goh, Wee Kang Choong, Tuck Wai Yeong

Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)

Abstract

Cost estimating is one of the most important areas in construction project management. Three are various ways to do cost estimating with different efficiencies and possibly with different accuracies. In addition it is a complicated process including various activities. Standardized price books will help improve the process and accuracy of cost estimating. However there is no published price book in the Malaysia construction industry. This research has investigated and identified the current practice of estimating in the Malaysia construction industry together with the possibilities of introducing a price book to the industry. Primary methods of estimating, efficiency of the current methods, significance of activities related to estimating, factors affecting the accuracy of estimating are investigated through a survey. Further the obstacles in introducing a price book have been identified. The survey participants agree that the government should initiate the introduction of a price book in the Malaysia construction industry. The outcomes of this research can be also used to improve the competitive advantages of quantity surveyors, consulting engineers/architects and contractors in respect to cost estimating for construction projects in Malaysia.

Original languageEnglish
Title of host publicationCivil, Structural and Environmental Engineering
Pages3109-3114
Number of pages6
DOIs
Publication statusPublished - 2014
Externally publishedYes
Event2013 2nd Global Conference on Civil, Structural and Environmental Engineering, GCCSEE 2013 - Shenzhen, China
Duration: 28 Sep 201329 Sep 2013

Publication series

NameAdvanced Materials Research
Volume838-841
ISSN (Print)1022-6680

Conference

Conference2013 2nd Global Conference on Civil, Structural and Environmental Engineering, GCCSEE 2013
Country/TerritoryChina
CityShenzhen
Period28/09/1329/09/13

Keywords

  • Construction
  • Cost
  • Estimating
  • Malaysia
  • Price-book

ASJC Scopus subject areas

  • Engineering (all)

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