Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 11 results ...

Al-Sobiei, O S, Arditi, D and Polat, G (2005) Managing Owner’s Risk of Contractor Default. Journal of Construction Engineering and Management, 131(09), 973–8.

  • Type: Journal Article
  • Keywords: Risk management; Contractors; Owners; Predictions; Construction industry;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2005)131:9(973)
  • Abstract:
    The objective of the study presented in this paper is to provide owners with a decision-making mechanism that will free them from automatically taking the typical “transfer the risk to a surety” option and will allow them to make intelligent and economical decisions that include retaining or avoiding the risk of contractor default. The methodology involves using artificial neural network (ANN) and a genetic algorithm (GA) training strategies to predict the risk of contractor default. Prediction rates of 75 and 88% were obtained with the ANN and GA training strategies, respectively. The model is of relevance to owners because once the likelihood of contractor default is predicted and the owner’s risk behavior is established, the owner can make a decision to retain, transfer, or avoid the risk of contractor default. It is of relevance to surety companies too as it may speed up the process of bonding and of reaching more reliable and objective bond/not bond decisions. The comparative use of the ANN and GA training strategies is of particular relevance to researchers.

Gambatese, J A, Behm, M and Hinze, J W (2005) Viability of Designing for Construction Worker Safety. Journal of Construction Engineering and Management, 131(09), 1029–36.

Goodrum, P M and Dai, J (2005) Differences in Occupational Injuries, Illnesses, and Fatalities among Hispanic and Non-Hispanic Construction Workers. Journal of Construction Engineering and Management, 131(09), 1021–8.

Harper, D G and Bernold, L E (2005) Success of Supplier Alliances for Capital Projects. Journal of Construction Engineering and Management, 131(09), 979–85.

Jiang, G and Shi, J (2005) Exact Algorithm for Solving Project Scheduling Problems under Multiple Resource Constraints. Journal of Construction Engineering and Management, 131(09), 986–92.

Kilian, J J and Gibson, G E (2005) Construction Litigation for the U.S. Naval Facilities Engineering Command, 1982–2002. Journal of Construction Engineering and Management, 131(09), 945–52.

Mohamed, Y and AbouRizk, S (2005) Technical Knowledge Consolidation using Theory of Inventive Problem Solving. Journal of Construction Engineering and Management, 131(09), 993–1001.

O’Connor, J T and Huh, Y (2005) Crew Production Rates for Contract Time Estimation: Bent Footing, Column, and Cap of Highway Bridges. Journal of Construction Engineering and Management, 131(09), 1013–20.

Riley, D R, Diller, B E and Kerr, D (2005) Effects of Delivery Systems on Change Order Size and Frequency in Mechanical Construction. Journal of Construction Engineering and Management, 131(09), 953–62.

Wibowo, A and Kochendörfer, B (2005) Financial Risk Analysis of Project Finance in Indonesian Toll Roads. Journal of Construction Engineering and Management, 131(09), 963–72.

Yang, I (2005) Chance-Constrained Time–Cost Tradeoff Analysis Considering Funding Variability. Journal of Construction Engineering and Management, 131(09), 1002–12.