Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 8 results ...

Abdelgawad, M and Fayek, A R (2011) Fuzzy Reliability Analyzer: Quantitative Assessment of Risk Events in the Construction Industry Using Fuzzy Fault-Tree Analysis. Journal of Construction Engineering and Management, 137(04), 294–302.

Barraza, G A (2011) Probabilistic Estimation and Allocation of Project Time Contingency. Journal of Construction Engineering and Management, 137(04), 259–65.

Chua, D K H and Yeoh, K W (2011) PDM++: Planning Framework from a Construction Requirements Perspective. Journal of Construction Engineering and Management, 137(04), 266–74.

Kim, H and Reinschmidt, K F (2011) Effects of Contractors’ Risk Attitude on Competition in Construction. Journal of Construction Engineering and Management, 137(04), 275–83.

  • Type: Journal Article
  • Keywords: Organizations; Risk management; Competition; Bids; Contractors; Construction industry; Organizational risk attitude; Competitive success; Evolutionary approach; Competitive bidding; Market structure; ENR top 400 contractors;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000284
  • Abstract:
    Competitive bidding is the major mechanism of competition. Bidding is risky because the actual cost of the job is unknown. Thus, the bid should be high enough to make a profit but low enough to win the bidding. The result of competition depends on the competitor’s risk-taking behaviors, which are affected by the organization’s risk attitudes. A contractor’s risk-taking is an essential element of the construction business. The current study explores the domain of competition at the aggregate market level. An evolutionary simulation model was developed to investigate the effects of risk attitude on a contractor’s success and on the market structure. The analysis accounts for different risk-taking behaviors in competition, different performances by contractors, corresponding organizational changes, and aggregate patterns in the form of the market structure. The study finds that risk attitude is a competitive characteristic of contractors. The results provide new insight on competition in the market place, and explanations are given for a contractor’s competitive success.

Laryea, S and Hughes, W (2011) Risk and Price in the Bidding Process of Contractors. Journal of Construction Engineering and Management, 137(04), 248–58.

Rivas, R A, Borcherding, J D, González, V and Alarcón, L F (2011) Analysis of factors influencing productivity using craftsmen questionnaires: Case study in a Chilean construction company. Journal of Construction Engineering and Management, 137(04), 312–20.

Taylor, J E, Dossick, C S and Garvin, M (2011) Meeting the Burden of Proof with Case-Study Research. Journal of Construction Engineering and Management, 137(04), 303–11.

Unsal, H I and Taylor, J E (2011) Modeling Interfirm Dependency: Game Theoretic Simulation to Examine the Holdup Problem in Project Networks. Journal of Construction Engineering and Management, 137(04), 284–93.