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IJMIEApril
2015Volume 5, Issue 4ISSN: 22490558___
Estimation of percentage cost overruns of
Tamil Nadu construction projects
Regression based model
Shreenaath. A.*
Sivagamasundari., R.**
Arunmozhi.
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What is prediction of construction cost?
Prediction of construction cost refers to estimating the total costs associated with a construction project, including materials, labor, overhead, and other expenses.
Who is required to file prediction of construction cost?
Contractors and developers involved in construction projects are typically required to file a prediction of construction cost as part of their project documentation.
How to fill out prediction of construction cost?
To fill out a prediction of construction cost, gather estimates for all project-related expenses, categorize them into sections like materials and labor, and input the total costs into the designated forms or software used for reporting.
What is the purpose of prediction of construction cost?
The purpose of prediction of construction cost is to provide an accurate financial forecast for projects, helping stakeholders make informed decisions and secure necessary funding.
What information must be reported on prediction of construction cost?
The information that must be reported on a prediction of construction cost includes itemized lists of materials, labor costs, overhead, estimated timeline, and contingencies.
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