Analysis of Factors Affecting the Hidden Costs of Construction Projects Factor Analysis - Open Access Library Journal

OALibJ > Vol.6 No.8, August 2019

Open Access Library Journal

Volume 6, Issue 8 (August 2019)

ISSN Print: 2333-9705 ISSN Online: 2333-9721

Google-based Impact Factor: 0.73 Citations

Analysis of Factors Affecting the Hidden Costs of Construction Projects Factor Analysis ()

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DOI: 10.4236/oalib.1105665 554 Downloads 1,745 Views Citations

Author(s)

Shuyang Liu¹, Jiaye Wu^2*, Yue Yue¹, Yingqian Zhang³

Affiliation(s)

¹School of Management of Sichuan University of Science & Engineering, Zigong, China.
²Sichuan Shengtuo Testing Technology Co., LTD., Zigong, China.
³School of Civil Engineering of Sichuan University of Science & Engineering, Zigong, China.

ABSTRACT

Since the hidden costs of construction projects are subtle and strong, difficult to quantify, it has not yet resulted in completing research system. This paper analyzes the literature to identify the concepts and forms of hidden costs, then summarizes the factors affecting the construction of 20 projects in hidden costs. Factor analysis extracted six comprehensive factor variables to represent the most influential factors, propose appropriate measures to control construction projects of hidden costs, and lay the foundation for further quantifying the hidden costs for these factors.

KEYWORDS

Factor Analysis, Construction Project, Hidden Cost, Common Factor Variable

Share and Cite:

Liu, S. , Wu, J. , Yue, Y. and Zhang, Y. (2019) Analysis of Factors Affecting the Hidden Costs of Construction Projects Factor Analysis. Open Access Library Journal, 6, 1-8. doi: 10.4236/oalib.1105665.

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