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What is Cost Estimation for Hong Kong Projects about?

The document discusses cost estimation for public works projects in Hong Kong, noting that Estimating using Risk Analysis (ERA) should be used for Cat C, B, and A estimates to provide a structured, logical, and accountable process for identifying project risks and estimating their costs. ERA involves identifying fixed and variable risks, assessing their probabilities, and calculating a base estimate plus average risk allowances. Key stages of construction projects include project launch, performance/control

Author

Billy Ng

Language

EN