Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 13 results ...

Cha, H S and O’Connor, J T (2005) Optimizing Implementation of Value Management Processes for Capital Projects. Journal of Construction Engineering and Management, 131(02), 239–51.

Darren Graham, L, Smith, S D and Dunlop, P (2005) Lognormal Distribution Provides an Optimum Representation of the Concrete Delivery and Placement Process. Journal of Construction Engineering and Management, 131(02), 230–8.

Dikmen, I, Birgonul, M T and Kiziltas, S (2005) Prediction of Organizational Effectiveness in Construction Companies. Journal of Construction Engineering and Management, 131(02), 252–61.

Elhakeem, A and Hegazy, T (2005) Graphical Approach for Manpower Planning in Infrastructure Networks. Journal of Construction Engineering and Management, 131(02), 168–75.

Hinze, J, Huang, X and Terry, L (2005) The Nature of Struck-by Accidents. Journal of Construction Engineering and Management, 131(02), 262–8.

Kajewski, S L (2005) Multilevel Formwork Load Distribution with Posttensioned Slabs. Journal of Construction Engineering and Management, 131(02), 203–10.

Kazaz, A and Birgonul, M T (2005) Determination of Quality Level in Mass Housing Projects in Turkey. Journal of Construction Engineering and Management, 131(02), 195–202.

Love, P E D, Tse, R Y C and Edwards, D J (2005) Time–Cost Relationships in Australian Building Construction Projects. Journal of Construction Engineering and Management, 131(02), 187–94.

Ping Ho, S (2005) Bid Compensation Decision Model for Projects with Costly Bid Preparation. Journal of Construction Engineering and Management, 131(02), 151–9.

  • Type: Journal Article
  • Keywords: Bids; Project management; Contracts; Decision making; Design∕build; Build∕Operate∕Transfer; Construction industry;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2005)131:2(151)
  • Abstract:
    For projects with high bid preparation cost, it is often suggested that the owner should consider paying bid compensation to the most highly ranked unsuccessful bidders to stimulate extra effort or inputs in bid preparation. Whereas the underlying idea of using bid compensation is intuitively sound, there is no theoretical basis or empirical evidence for such suggestion. Because costly bid preparation often implies a larger project scale, the issue of bid compensation strategy is important to practitioners and an interest of study. This paper aims to study the impacts of bid compensation and to develop appropriate bid compensation strategies. Game theory is applied to analyze the behavioral dynamics between competing bidders and project owners. A bid compensation model based on game theoretic analysis is developed in this study. The model provides equilibrium solutions under bid compensation, quantitative formula, and qualitative implications for the formation of bid compensation strategies.

Schexnayder, C, Knutson, K and Fente, J (2005) Describing a Beta Probability Distribution Function for Construction Simulation. Journal of Construction Engineering and Management, 131(02), 221–9.

Shen, L Y and Wu, Y Z (2005) Risk Concession Model for Build/Operate/Transfer Contract Projects. Journal of Construction Engineering and Management, 131(02), 211–20.

Walsh, K D, Sawhney, A and Brown, A (2005) International Comparison of Cost for the Construction Sector: Purchasing Power Parity. Journal of Construction Engineering and Management, 131(02), 160–7.

Zheng, D X M and Ng, S T (2005) Stochastic Time–Cost Optimization Model Incorporating Fuzzy Sets Theory and Nonreplaceable Front. Journal of Construction Engineering and Management, 131(02), 176–86.