Prediction of consultancy services results in construction industry

Abstract

The possibility of evaluation and prediction of consultancy services in the construction industry is presented. The model is based on a comprehensive analysis of a large numbers of impacts on the construction production, varying in space and time. The paper presents the results of the conducted auction (bidding) for one year. Descriptive statistics method as well as data mining method, with and without forcing the variables, is applied. This procedure can also be carried out for other years during an observation period. The prediction, as well as the ability to make timely decisions in uncertain business conditions, is enabled.