Estimating Area Cost Factors for Military Construction Projects: A Computerized Approach

摘要

The report describes a computerized procedure for estimating area cost factors for military construction projects. The empirical basis for this procedure rests upon the results of an econometric analysis of over 500 military construction projects. Technical and empirical evidence from a wide variety of published sources were also used to provide supplemental information on wage rates, material prices, and the level of construction activities in the localities where the projects were undertaken. This report is intended to serve as a user manual for military personnel concerned with the problem of periodically updating the area cost factors for each service's installations. A series of technical appendices are also included which describe the theoretical underpinnings of the econometric models which constitute the core of the computerized procedure as well as provide samples of computer output and a complete listing of the computer program.