Clients need to be informed in advance of their likely future financial commitments and cost implications as the design evolves. This requires the estimation of building cost based on historic cost data that is updated by a forecasted Tender Price Index (TPI), with the reliability of the...

Purpose ? The purpose of this paper is to examine the use of bid information, including both price and non-price factors in predicting the bidder?s performance. Design/methodology/approach ? The practice of the industry was first reviewed. Data on bid evaluation and performance records of the...