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Cost, 5.1 AAM1Cost Underestimation in Public Works Projects: Error or Lie? By Bent Flyvbjerg, Bette Saris Hold, and Seen Fulfill reference: Bent Flyvbjerg, Bette Saris Hold, and Seen Bull, “Underestimating
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What is cost underestimation in public?
Cost underestimation in public refers to the situation where the actual costs of a public project are lower than the estimated costs.
Who is required to file cost underestimation in public?
Contractors, project managers, or any party involved in a public project may be required to file cost underestimation in public.
How to fill out cost underestimation in public?
Cost underestimation in public can be filled out by providing accurate and updated cost information related to the project.
What is the purpose of cost underestimation in public?
The purpose of cost underestimation in public is to ensure transparency and accountability in public spending, as well as to identify any discrepancies between estimated and actual costs.
What information must be reported on cost underestimation in public?
Information such as the project name, estimated costs, actual costs, reasons for cost differences, and any corrective actions taken must be reported on cost underestimation in public.
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