MATEC Web of Conferences
Volume 159, 2018The 2nd International Joint Conference on Advanced Engineering and Technology (IJCAET 2017) and International Symposium on Advanced Mechanical and Power Engineering (ISAMPE 2017)
|Number of page(s)||5|
|Published online||30 March 2018|
Project Cost Estimation Based on Standard Price of Goods and Services (SHBJ)
Civil and Environmental Engineering Department, Gadjah Mada University, Indonesia
* Corresponding author: email@example.com
Cost estimation is determining the probable cost of a project, which is critical in project development. For government projects in Indonesian construction industry, it is common to use a standard price of goods and services (called SHBJ) publised by the government as a cost reference. This research examines whether the SHBJ provide sufficient and reliable data. A case study from a contractor’s bidding document (RAB) and the SHBJ from the city of Yogyakarta are employed. The result shows that cost estimation based on the SHBJ and the contractor’s RAB gives 12% difference. Using SHBJ data from years 2010 – 2016 a regression equation is obtained as Yi = 62,156 X + 2,003,962 which can be used to estimate project cost in the future. This research also suggests some improvments for the SHBJ.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (http://creativecommons.org/licenses/by/4.0/).
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