Construction of Time – Cost Model for Building Projects in Vietnam

• Published in: 한국건설관리학회 논문집, 10(3) pp. 130 - 138
• Main Authors: Long Le-Hoai, Young Dai Lee, Jeong Wook Cho
• Format: Journal Article
• Language: English
• Published: 한국건설관리학회 01.05.2009
• Subjects: 건축공학
• ISSN: 2005-6095; 2465-9703

Bromilow’s time-cost (BTC) relationship was examined for building projects in Vietnam using actual construction time and total construction cost. Data set was collected from 77 historical building construction projects completed between 1999 and 2005 which were adjusted by consumer price index (CPI) to 2000 price. Time-cost equations were specified respected to two sectors, public and private, in Vietnamese construction industry and all cases. It is shown that a public funded building project has the longer construction duration than a similar budget private funded project. The resulting models are statistically significant. The adjusted R-square coefficients of all cases, public and private projects models are respectively 0.403, 0.436 and 0.377 mean that the BTC regression lines moderately fit the data set. KCI Citation Count: 3