ISSN 2319-5347, ISI Impact Factor: 0.763

VOLUME 03 NO. 03 JULY 2014: 

Title:        Time-Cost Relationships of Construction Industry in Bangladesh
Authors:   Rahamam MD. Mizanur, Kim soo yong, Kwon joon an
Abstract:  Bangladesh is one of the newly born developing countries. Development of construction industry has a significant role in contributing to the overall development of a country. Similar to other developing countries, delay and cost overruns are common problems that cause many negative effects on the efficiency of construction projects in Bangladesh. Therefore, accurately predicting the construction time and cost could bring various benefits to all project parties. This study was carried out to develop existing time-cost relationship in construction projects. The Bromilow’s basic has been used to establish time-cost relationships. The research data were collected from fifty nine completed different construction projects through questionnaire survey. Type of clients/ sectors and tender methods are the project characteristics considered in this study. The results of analysis indicated that the time-cost models developed for each project characteristic are appropriate due to acceptable coefficient of determination and relatively small mean percent errors. The values of R2 and adjusted R2 showed that BTC relationships are good fit and could be applied to the different construction projects. Furthermore, the results also show that the cubic regression model has been generated the maximum values of R2 in terms of type of public sector projects, while cubic regression model is for all of the remaining characteristics of projects. It means that BTC linear regression model is not the best fit regression model. These findings of this study are expected to be significant contributions to Bangladesh construction industry in controlling current performance of project on time overrun.

Keywords:   Time-cost relationship, Construction project, Regression models, Bangladesh
Page no:      246-255

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