G-Tech : Jurnal Teknologi Terapan
Vol 8 No 4 (2024): G-Tech, Vol. 8 No. 4 Oktober 2024

Cost Contingency Strategies in Building Construction: Evaluating Project Risk Influence

Putri Suci Mawariza (Universitas 17 Agustus 1945 Surabaya, Indonesia)
Michella Beatrix (Universitas 17 Agustus 1945 Surabaya, Indonesia)



Article Info

Publish Date
14 Oct 2024

Abstract

Contingency costs are an important part of construction to achieve successful project management. In determining contingency costs, practitioners have used a very subjective approach. This study discussed the determination of the contingency cost of high-rise buildings in six research object projects, based on the results of risk evaluation. The risk evaluation used in this paper is based on the risks in the construction phase. The method used to know the relationship between risk and contingency costs is simple linear regression with tools. The results of this study indicate that the greater the level of risk, the greater the contingency costs incurred by the project. the risk level contributed 71.6% to the contingency cost, while the rest was influenced by other factors. The equation formed is, that if the risk increases by 1 unit, the total contingency cost will increase by 0.0916 units.

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Journal Info

Abbrev

g-tech

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Energy Engineering

Description

Jurnal G-Tech bertujuan untuk mempublikasikan hasil penelitian asli dan review hasil penelitian tentang teknologi dan terapan pada ruang lingkup keteknikan meliputi teknik mesin, teknik elektro, teknik informatika, sistem informasi, agroteknologi, ...