What is it about?

Availability is an important function for cost estimation in construction production systems. It is essential in the bidding phase (determination unit prices). By introducing availability, calculated prices getting real values. This means that every bid preparation should has input data about operational availability and amortization rate.

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Why is it important?

It is important in market competition.


Construction company's should take in accounts availability of construction machinery and failure times in completion Bill of Quantities.

Dr Milan Mirkovic
Consulting Experts System

Read the Original

This page is a summary of: The Impact of Failure Types in Construction Production Systems on Economic Risk Assessments in the Bidding Phase, Complexity, November 2018, Hindawi Publishing Corporation, DOI: 10.1155/2018/5041803.
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