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What is Statistical Methods for Price Indices about?

The article discusses the application of statistical methods, specifically Pareto analysis and extrapolation, in the building industry to improve the accuracy and efficiency of tender price preparation. It highlights the importance of considering time factors and price fluctuations in tender pricing, as well as the need for construction companies to develop their own pricing databases. The findings aim to assist contractors in better preparing their price offers for tenders, with potential applicability in

Author

Kiran Salunke

Language

EN