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July 5, 2026Buildings0 citationsOpen Access

From Contract Amendments to Risk-Calibrated Duration Multipliers: A Statistical Framework for Realistic Construction Contract Planning

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MKMariela KnezevicDKDomagoj KneževićČDČaslav Dunović

Key Points

  • This research aims to convert contract amendment records into duration multipliers for enhancing construction contract planning.
  • Developed a quantitative framework using 197 signed works contracts from 60 EU-funded projects.
  • Applied impact-weighted attribution and bootstrap uncertainty assessment to analyze duration multipliers and risks.
  • Utilized benchmark regression models to validate results and assess concentrations of risk categories.
  • Mean duration multiplier across contracts was 1.372; P50, P80, and P90 values were 1.233, 1.635, and 1.886 respectively.
  • Public-law procedural and design risks were responsible for 60.9% of the extension premium.
  • Framework enables transformation of contract amendments into interpretable planning parameters for improved governance.

Abstract

Construction contract durations are fixed during procurement, yet delivery often changes after risks materialize and formal extensions of time are approved. Although delays, extension-of-time claims, change orders, and risk-based duration estimation are well studied, less is known about how contract-amendment records can be converted into duration multipliers for planning. This paper develops a quantitative, document-based Risk-Calibrated Duration Multiplier framework linking initially contracted duration, approved extensions, and documented risk causes. The framework was applied to 197 signed works contracts from 60 projects within a broader portfolio of 63 EU-funded water and wastewater infrastructure projects, predominantly administered under FIDIC Red and Yellow Book conditions. The analysis combined duration multipliers, impact-weighted attribution of multi-risk amendments, risk-time coefficients, bootstrap uncertainty assessment, concentration indicators, benchmark regression models, and reconstruction validation. For completed contracts, the mean multiplier was 1.372, with P50, P80, and P90 values of 1.233, 1.635, and 1.886. Public-law procedural and design risk categories accounted for 60.9% of the total extension premium. The results show that contract-amendment records can be transformed into statistically interpretable planning parameters and used as a portfolio learning and contract-governance tool for more realistic infrastructure contract planning.

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Cite This Study

Knezevic et al. (2026) studied this question.

synapsesocial.com/papers/6a49f464f5d1d45b287fff3fhttps://doi.org/10.3390/buildings16132652
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