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Article: Performance evaluation for cost estimators by reliability interval method

TitlePerformance evaluation for cost estimators by reliability interval method
Authors
KeywordsConstruction industry
Consultants
Consulting services
Cost control
Performance evaluation
Issue Date2005
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html
Citation
Journal Of Construction Engineering And Management, 2005, v. 131 n. 1, p. 108-116 How to Cite?
AbstractMost consultant selection models stress the importance of past performance. However, there are so far very few studies on evaluating consultant's performance. It hampers the whole process of the selection model. This paper tries to establish a systematic approach in developing a consultant's performance evaluation model for the evaluation of the performance of cost estimators in the construction industry of Hong Kong. Nominal group technique is adopted in identifying the decision criteria for the evaluation, and a reliability interval method (RIM) is developed to assess the importance weighting of each criterion. The RIM allows statistical analysis and fuzzy assessment of the weight. The results report the weights of each decision criterion and its subcriterion in evaluating cost estimator's performance. Interestingly, the results show that traditional functions of cost estimator are the least treasured from the clients. Proactive and professional advice is considered to be much more important. The study is highly relevant to industry practitioners in assessing performance of costs estimators, as well as to researchers in further developing the consultant selection model.
Persistent Identifierhttp://hdl.handle.net/10722/168717
ISSN
2015 Impact Factor: 1.152
2015 SCImago Journal Rankings: 1.219
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYiu, CYen_HK
dc.contributor.authorHo, HKen_HK
dc.contributor.authorLo, SMen_HK
dc.contributor.authorHu, BQen_HK
dc.date.accessioned2012-10-08T03:31:46Z-
dc.date.available2012-10-08T03:31:46Z-
dc.date.issued2005en_HK
dc.identifier.citationJournal Of Construction Engineering And Management, 2005, v. 131 n. 1, p. 108-116en_HK
dc.identifier.issn0733-9364en_HK
dc.identifier.urihttp://hdl.handle.net/10722/168717-
dc.description.abstractMost consultant selection models stress the importance of past performance. However, there are so far very few studies on evaluating consultant's performance. It hampers the whole process of the selection model. This paper tries to establish a systematic approach in developing a consultant's performance evaluation model for the evaluation of the performance of cost estimators in the construction industry of Hong Kong. Nominal group technique is adopted in identifying the decision criteria for the evaluation, and a reliability interval method (RIM) is developed to assess the importance weighting of each criterion. The RIM allows statistical analysis and fuzzy assessment of the weight. The results report the weights of each decision criterion and its subcriterion in evaluating cost estimator's performance. Interestingly, the results show that traditional functions of cost estimator are the least treasured from the clients. Proactive and professional advice is considered to be much more important. The study is highly relevant to industry practitioners in assessing performance of costs estimators, as well as to researchers in further developing the consultant selection model.en_HK
dc.languageengen_US
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.htmlen_HK
dc.relation.ispartofJournal of Construction Engineering and Managementen_HK
dc.subjectConstruction industryen_HK
dc.subjectConsultantsen_HK
dc.subjectConsulting servicesen_HK
dc.subjectCost controlen_HK
dc.subjectPerformance evaluationen_HK
dc.titlePerformance evaluation for cost estimators by reliability interval methoden_HK
dc.typeArticleen_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1061/(ASCE)0733-9364(2005)131:1(108)en_HK
dc.identifier.scopuseid_2-s2.0-12344325877en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-12344325877&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume131en_HK
dc.identifier.issue1en_HK
dc.identifier.spage108en_HK
dc.identifier.epage116en_HK
dc.identifier.isiWOS:000225896800012-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.scopusauthoridHo, HK=36777876000en_HK
dc.identifier.scopusauthoridLo, SM=8350445500en_HK
dc.identifier.scopusauthoridHu, BQ=11838839600en_HK

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