Updating Financial Contingency in Execution of Typologically Diverse Construction Projects
Source abstract
Abstract
The article presents research findings on updating financial contingency estimates for typologically diverse construction projects. The research was carried out from 2006 to 2024 on a sample of 41 investment tasks, represented by five different construction sectors, in which 547 measurements were made of the deviation of the earned cost of construction works from its planned values. The study found significant variability in the cost performance index (CPI) across different construction types. Box plots were determined, and their statistical interpretation made it possible to determine the actual financial contingency, the variation in which in the groups of residential, office and hotel buildings, as well as shopping and logistics centres, is in the range of 3% to 30%. The article concludes with recommendations for banks financing investment tasks in the direction of making financial contingency more realistic when making sustainable lending decisions.
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Research context
OpenAlex topics: Construction Project Management and Performance · Construction Management and Sustainability · BIM and Construction Integration
SciVX discovery tags are terminology-based. OpenAlex topics are source-provided classifications.
Affiliations
Department of General Construction, Faculty of Civil Engineering, Wroclaw University of Science and Technology, 50-370 Wrocław, Poland
References (44)
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