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Adeli, H and Wu, M (1998) Regularization Neural Network for Construction Cost Estimation. Journal of Construction Engineering and Management, 124(01), 18–24.
Ballard, G and Howell, G (1998) Shielding Production: Essential Step in Production Control. Journal of Construction Engineering and Management, 124(01), 11–17.
Fayek, A (1998) Competitive Bidding Strategy Model and Software System for Bid Preparation. Journal of Construction Engineering and Management, 124(01), 1–10.
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)0733-9364(1998)124:1(1)
- Abstract:
This paper presents a competitive bidding strategy model for use in setting a margin (markup) for civil engineering and building construction projects. The goal of this model is to help a company to achieve its objectives in bidding. The model provides more than 90 factors that may influence the choice of margin size, and it enables the decision-maker to assess the impact of those that are relevant to his or her bid situation. The use of fuzzy set theory allows assessments to be made in qualitative and approximate terms, which suit the subjective nature of the margin-size decision. The model has been implemented in the form of a prototype software system named PRESTTO, which is described. One conclusion of this paper is that fuzzy set theory can be applied successfully to model the margin-size decision. A second conclusion is that use of this competitive bidding strategy model can improve the quality of the decision-making process used in setting a margin and can help contractors to gain a competitive edge in bidding. The competitive bidding strategy model has been validated with actual project bids collected from a survey of the Australian construction industry; validation will be described in a companion paper.
Hinze, J, Pedersen, C and Fredley, J (1998) Identifying Root Causes of Construction Injuries. Journal of Construction Engineering and Management, 124(01), 67–71.
Minato, T and Ashley, D B (1998) Data-Driven Analysis of “Corporate Risk” Using Historical Cost-Control Data. Journal of Construction Engineering and Management, 124(01), 42–47.
Ohrn, L G and Schexnayder, C (1998) Performance-Related Specifications for Highway Construction. Journal of Construction Engineering and Management, 124(01), 25–30.
Saad, I M H and Hancher, D E (1998) Multimedia for Construction Project Management: Project Navigator. Journal of Construction Engineering and Management, 124(01), 82–89.
Senior, B A and Halpin, D W (1998) Simplified Simulation System for Construction Projects. Journal of Construction Engineering and Management, 124(01), 72–81.
Sinfield, J V and Einstein, H H (1998) Tunnel Construction Costs for Tube Transportation Systems. Journal of Construction Engineering and Management, 124(01), 48–57.
Thomas, S R, Tucker, R L and Kelly, W R (1998) Critical Communications Variables. Journal of Construction Engineering and Management, 124(01), 58–66.
Warszawski, A and Navon, R (1998) Implementation of Robotics in Building: Current Status and Future Prospects. Journal of Construction Engineering and Management, 124(01), 31–41.