Research Article
Project Cost Estimation Method for Small-Scale Construction Service Operators in Bali
@INPROCEEDINGS{10.4108/eai.28-10-2022.2328215, author={Ida Ayu Cri Vinantya Laksmi and Ni Komang Armaeni}, title={Project Cost Estimation Method for Small-Scale Construction Service Operators in Bali}, proceedings={Proceedings of the 2nd Warmadewa International Conference on Science, Technology and Humanity, WICSTH 2022, 28-29 October 2022, Denpasar-Bali, Indonesia}, publisher={EAI}, proceedings_a={WICSTH}, year={2023}, month={4}, keywords={covid-19; method; cost estimation; contractor; bali}, doi={10.4108/eai.28-10-2022.2328215} }- Ida Ayu Cri Vinantya Laksmi
Ni Komang Armaeni
Year: 2023
Project Cost Estimation Method for Small-Scale Construction Service Operators in Bali
WICSTH
EAI
DOI: 10.4108/eai.28-10-2022.2328215
Abstract
Project planning is an important part of the realization of project implementation. In the planning stage, one of the activities that cannot be ignored is the cost estimation stage. Estimation activity is one of the main processes in a construction project to find out the amount of funds that must be provided for the completion of a project. Cost estimation plays an important role in project implementation to prevent the risk of cost overruns. Errors made in the cost estimation process can result in errors in decision making when running the project. The ability and success of contractors to survive in this fiercely competitive industry will largely depend on how well they are able to cope with uncertainty, especially in terms of costs. During the Covid-19 pandemic, many things and methods must be considered in planning project cost estimates. To find out the most widely used method by contractors to estimate costs, several contractors were conducted research using questionnaires and interviews. Data analysis in this study used the Analytical Hierarchy Process (AHP) method. The results show that the Quantity take-off method with a weight of 28.6% is in the first position, then the unit price method with a weight of 17.4%, the Elemental Cost Analysis method with a weight of 13.4%, the parameter method of 10, 7%, the method using the list price index is 10.6%, the factor method is 9.7% and the method uses the relevant project data and information with a weight of 9.6%.
