Experiential learning in cost estimating

David Lowe, Martin Skitmore

Research output: Contribution to journalArticlepeer-review

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Abstract

This paper investigates experiential learning theory and the current perception of experiential factors in the accuracy of pre-tender cost prediction. It compares the preferred learning styles of a sample of experienced pretender cost estimators with those of novice quantity surveyors and investigates how estimators have developed as a result of their experiences. Experiential factors, those which stimulate personal development in pre-tender estimators, are considered and a mechanism to improve the accuracy of pre-tender estimates is proposed linking experiential learning theory with the introduction of feedback and self-monitoring systems.
Original languageEnglish
Pages (from-to)423-431
Number of pages8
JournalConstruction management and economics
Volume12
Issue number5
DOIs
Publication statusPublished - 1994

Keywords

  • Cost estimating, experience, experiential learning, feedback, quantity surveyor, expertise

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