Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F24%3A00380074" target="_blank" >RIV/68407700:21110/24:00380074 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.2478/cee-2024-0069" target="_blank" >https://doi.org/10.2478/cee-2024-0069</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/cee-2024-0069" target="_blank" >10.2478/cee-2024-0069</a>

Result language

angličtina

Original language name

Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic

Original language description

Valuing the reconstruction of historic buildings is a complex and challenging task due to the unique nature of these structures and the uncertainties involved in estimating the scope of work. This study aimed to bridge the gap between traditional construction practices and modern economic frameworks by developing a comprehensive methodology for the valuation of construction works on historic buildings. Focusing on the Czech Republic, the study analysed the tender budgets of 21 reconstruction projects to be carried out between 2020 and 2023. The analysis compared tender prices with standardised indicative prices to identify significant discrepancies and the reasons for them. The proposed methodology integrated market-based price analysis and traditional pricing tools, providing a robust framework for accurate cost estimation. This approach not only ensured the preservation of the cultural value of historic buildings, but also provided a practical, financially sound strategy for their restoration. The findings of this study provide valuable insights for stakeholders involved in the pricing and budgeting of restoration projects, helping to refine cost estimation methodologies and improve the efficiency and accuracy of budgeting processes.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

20101 - Civil engineering

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Civil and Environmental Engineering

ISSN

1336-5835

e-ISSN

2199-6512

Volume of the periodical

20

Issue of the periodical within the volume

2

Country of publishing house

SK - SLOVAKIA

Number of pages

14

Pages from-to

948-961

UT code for WoS article

001378930000044

EID of the result in the Scopus database

2-s2.0-85213388712