Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic
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...
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| Format: | Article |
| Language: | English |
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Sciendo
2024-12-01
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| Series: | Civil and Environmental Engineering |
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| Online Access: | https://doi.org/10.2478/cee-2024-0069 |
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| author | Hromada Eduard Brozova Lucie Heralova Renata Schneiderova Macek Daniel Vitasek Stanislav Strelcova Iveta |
| author_facet | Hromada Eduard Brozova Lucie Heralova Renata Schneiderova Macek Daniel Vitasek Stanislav Strelcova Iveta |
| author_sort | Hromada Eduard |
| collection | DOAJ |
| 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. |
| format | Article |
| id | doaj-art-d1ddf6a26091406282d55d742bb1ecfd |
| institution | Kabale University |
| issn | 2199-6512 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Civil and Environmental Engineering |
| spelling | doaj-art-d1ddf6a26091406282d55d742bb1ecfd2025-02-02T15:47:54ZengSciendoCivil and Environmental Engineering2199-65122024-12-0120294896110.2478/cee-2024-0069Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech RepublicHromada Eduard0Brozova Lucie1Heralova Renata Schneiderova2Macek Daniel3Vitasek Stanislav4Strelcova Iveta5Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague, Thakurova 7/2077, 166 29 Prague 6 – Dejvice.Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague, Thakurova 7/2077, 166 29 Prague 6 – Dejvice.Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague, Thakurova 7/2077, 166 29 Prague 6 – Dejvice.Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague, Thakurova 7/2077, 166 29 Prague 6 – Dejvice.Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague, Thakurova 7/2077, 166 29 Prague 6 – Dejvice.Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague, Thakurova 7/2077, 166 29 Prague 6 – Dejvice.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.https://doi.org/10.2478/cee-2024-0069reconstruction of historical buildingsevaluation methodologytender budgetspreservation of cultural heritagecost estimation. |
| spellingShingle | Hromada Eduard Brozova Lucie Heralova Renata Schneiderova Macek Daniel Vitasek Stanislav Strelcova Iveta Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic Civil and Environmental Engineering reconstruction of historical buildings evaluation methodology tender budgets preservation of cultural heritage cost estimation. |
| title | Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic |
| title_full | Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic |
| title_fullStr | Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic |
| title_full_unstemmed | Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic |
| title_short | Analyzing Bid and Indicative Prices in Historic Building Reconstructions in the Czech Republic |
| title_sort | analyzing bid and indicative prices in historic building reconstructions in the czech republic |
| topic | reconstruction of historical buildings evaluation methodology tender budgets preservation of cultural heritage cost estimation. |
| url | https://doi.org/10.2478/cee-2024-0069 |
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