International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Since Year 2012 | Open Access | Double Blind Reviewed

ISSN: 2319-7064




Downloads: 143

Research Paper | Engineering | Iraq | Volume 6 Issue 6, June 2017


Cost Estimation Process for Construction Residential Projects by Using Multifactor Linear Regression Technique

Abbas Mohammed Burhan Alshemosi | Humam Saad Hussein Alsaad


Abstract: Cost estimation in early stage plays an important role in the achievement of any construction project. Cost estimating is an assessment of the expected cost of any construction project. The accuracy of such estimate has a serious effect on the expected profit of the construction contractor. Hence, a certain contingency percentage should be added to the base estimate to improve the level of confidence. The process of cost estimating is materially affected by many factors. This paper aims to built a mathematical model for predicting the cost estimation for the residential construction projects. Multifactor linear regression technique is developed and used for predication of the cost of residential projects in Iraq. Ten effectiveness factors are used for cost estimation forecasting by (MLR) model, they include, experience of estimator, market status economic instability, accuracy of bidding documents, site condition and total area of residential building, the height of residential building, project location, type of residential building, estimating method. It was found that Multifactor linear regression has the flexibility to foretell the cost with a excellent degree of accuracy 91.76 %, mean absolute percentage error 8.240 % and coefficient of correlation (R) was 95.74 %.


Keywords: Cost estimation, early estimate, accuracy of cost estimation, MLR Model, SPSS


Edition: Volume 6 Issue 6, June 2017,


Pages: 151 - 156


How to Cite this Article?

Abbas Mohammed Burhan Alshemosi, Humam Saad Hussein Alsaad, "Cost Estimation Process for Construction Residential Projects by Using Multifactor Linear Regression Technique", International Journal of Science and Research (IJSR), Volume 6 Issue 6, June 2017, pp. 151-156, https://www.ijsr.net/get_abstract.php?paper_id=ART20174128

How to Share this Article?

Enter Your Email Address




Similar Articles with Keyword 'Cost'

Downloads: 91 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper, Engineering, Indonesia, Volume 9 Issue 7, July 2020

Pages: 1461 - 1466

Public Private Partnership in Development and Operation of Warnasari Port of Cilegon City

Rommy Dwi Rahmansyah ST

Share this Article

Downloads: 92

Research Paper, Engineering, Sudan, Volume 9 Issue 8, August 2020

Pages: 770 - 772

Modifying the Silicon, Manganese Alloy Formula in Steel Factories in Sudan

Ashraf Eltayib Dafallah | Esam.A Ishag | Alfatih Abbas Algurashi

Share this Article


Top