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035 _a.b10228081
099 9 _aAIT Thesis no. ST-83-21
100 1 _aWalawage, Ranjith Palitha Ahangama
245 1 0 _aEffect of price escalation on highway construction projects
260 _aBangkok :
_bAsian Institute of Technology,
_c1983
300 _aiv, 73 p.
490 1 _aThesis ;
_vno. ST-83-21
500 _aA thesis submitted in partial fulfillment of the requirement for the degree of Master of Engineering, School of Engineering and Technology
502 _aThesis (M.Eng.) - Asian Institute of Technology, 1983
520 _aThis study is to emphasize the financial problems caused by escalation of prices in highway construction projects. Through the review of the current trends of escalation and the existing escalation models, a more reliable model is developed to estimate the amount of escalation. The statistics of five highway and one expressway construction projects are used to develop the new model. Past prices of major resource items are used to obtain the prediction curves by polynomial regression analysis, which may be useful to forecast future costs in fixed price contracts. Results by the new model are compared with those by the two models used in the Department of Highways of Thailand. Effects of the price escalation on cash flows and working capital of projects are investigated, and procedures for cost adjustments as project are presented. Finally, the influence of inflation on the depreciation allowance and the resulting losses are examined.
650 0 _aRoad construction
_xCost effectiveness
700 1 _aKarasudhi, Pisidhi,
_eChairpeson
700 0 _aPing Kunawatsatit,
_eCo-Chairperson
700 1 _a Wireland, Martin,
_eExamination Committee
810 2 _aAsian Institute of Technology.
_tThesis ;
_vno. ST-83-21
856 _3Full-Text
_uhttp://203.159.5.9/ait-thesis/detail.php?q=B21010
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