This paper proposes a construction project net cash flow model based upon the logit transformation. The model was found to have an excellent fit to the data for 75 % of the projects analysed. The proposed model is a useful tool for the post hoc examination of construction project net cashflows. The model is very flexible and is capable of adapting to the wide degree of inter-project variability.
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Kenley et al. (1989) studied this question.
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