Your organisation is bidding for a construction project which consists of buildi

Your organisation is bidding for a
construction project which consists of building a commercial complex in the
heart of the city. Your organisation has worked on a similar project that was
one-third the size of this one but completed it with a cost overrun of 20%. As a
project manager you have already prepared the scope statement and the WBS and
are now preparing cost estimates for the construction project. Which cost
estimation technique would you use for the construction project? Discuss the
advantages and disadvantages of your chosen technique in the context of the
construction project.