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Abdelgawad, M and Fayek, A R (2010) Risk Management in the Construction Industry Using Combined Fuzzy FMEA and Fuzzy AHP. Journal of Construction Engineering and Management, 136(09), 1028–36.

Adriaanse, A, Voordijk, H and Dewulf, G (2010) Adoption and Use of Interorganizational ICT in a Construction Project. Journal of Construction Engineering and Management, 136(09), 1003–14.

Bayraktar, M E and Hastak, M (2010) Scoring Approach to Construction Bond Underwriting. Journal of Construction Engineering and Management, 136(09), 957–67.

Type: Journal Article
Keywords: Contracts; Financial factors; Legal factors; Surety; Contract bonds; Scoring technique;
ISBN/ISSN: 0733-9364
URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000217
Abstract:
This paper introduces a conceptual scoring-based contractor evaluation system to address the problems created by the subjective nature of surety underwriting process. The methodology presented in this paper provides the surety underwriters with an objective tool for estimating the probability that the evaluated contractor would perform in a satisfactory manner with respect to the main decision factors considered in the bond underwriting process. The proposed model could be used by decision makers to prescreen contractors and make underwriting decisions. The paper first discusses the construction bond underwriting process and provides a brief introduction to the scoring technique as the modeling environment used in this paper. Then, the three steps included in the development of the proposed scoring system are presented in detail followed by an example demonstrating the application of the final product.

Hallowell, M R and Gambatese, J A (2010) Population and Initial Validation of a Formal Model for Construction Safety Risk Management. Journal of Construction Engineering and Management, 136(09), 981–90.

Hwang, S (2010) Cross-Validation of Short-Term Productivity Forecasting Methodologies. Journal of Construction Engineering and Management, 136(09), 1037–46.

Hwang, S and Liu, L Y (2010) Contemporaneous Time Series and Forecasting Methodologies for Predicting Short-Term Productivity. Journal of Construction Engineering and Management, 136(09), 1047–55.

Ioannou, P G and Awwad, R E (2010) Below-Average Bidding Method. Journal of Construction Engineering and Management, 136(09), 936–46.

Love, P E D, Mistry, D and Davis, P R (2010) Price Competitive Alliance Projects: Identification of Success Factors for Public Clients. Journal of Construction Engineering and Management, 136(09), 947–56.

Sacks, R, Koskela, L, Dave, B A and Owen, R (2010) Interaction of Lean and Building Information Modeling in Construction. Journal of Construction Engineering and Management, 136(09), 968–80.

Serag, E, Oloufa, A, Malone, L and Radwan, E (2010) Model for Quantifying the Impact of Change Orders on Project Cost for U.S. Roadwork Construction. Journal of Construction Engineering and Management, 136(09), 1015–27.

Wong, J M W, Chan, A P C and Chiang, Y H (2010) Modeling Construction Occupational Demand: Case of Hong Kong. Journal of Construction Engineering and Management, 136(09), 991–1002.