A common approach for procuring large construction projects is through Unit Price Contracts. By the means of a simple model, we study the optimal quantity to procure under uncertainty regarding the actual required quantity given that the procurer strives to minomize expected total costs. The...

A common approach for procuring large construction projects is through Unit Price Contracts. By the means of a simple model, we study the optimal quantity to procure under uncertainty regarding the actual required quantity given that the procurer strives to minimize expected total costs. The...

A procurement approach commonly used for construction projects involves paying a fixed price per unit conducted, i.e., unit price contracts. We develop an analytical model to study the optimal procurement quantity and monitoring intensity when the required quantities are uncertain. The optimum...

Purpose: This paper aims to analyze how nearby property prices are affected by new construction projects in Stockholm. If there is an impact on property prices, the authors endeavor to investigate whether the effects vary among different areas within the municipality, for different groups of...

Kista is one of the largest workingarea in Sweden. It has a history of approximately 30 years. During this period the area has expand very much and has today an officespace of approximately 1 000 000 square meters. The area has had four periods of expansion, a slow expansion in the late 70’s...

Many infrastructural projects have cost overruns and there has been a lot of research both on why these cost overruns occur and what can be done to reduce cost overruns. Bent Flyvbjerg is the leading researcher in the area and in this article his proposals are also the starting point. Beside a...

The first part of the article presents a new framework for analyzing cost overruns. It has a descriptive part in two dimensions: when during the process that the cost overrun arose and what part of the cost function was responsible (change in the product, change in quantities of the inputs and...