A multivariate approach to construction contract bidding mark up strategies
A multivariate approach to contract bidding strategies in the construction industry is presented. This represents a radical departure from previous work in the field by using all available data on competing bidders. 'Optimal', 'no loss' and 'break even' mark up strategies are derived and methods of parameter estimation proposed. A case study shows how the three strategic mark up values are calculated against known competitors.
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|Item Type:||Journal Article|
|Keywords:||Bidding Strategy, Multivariate Analysis, Construction Contracts|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > ARCHITECTURE (120100)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000)
|Divisions:||Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering|
|Copyright Owner:||Copyright 1994 Palgrave Macmillan|
|Copyright Statement:||This extract is taken from the author's original manuscript and has not been reviewed or edited. The definitive published version of this extract may be found at www.palgrave-journals.com|
|Deposited On:||05 Sep 2006 00:00|
|Last Modified:||09 Jun 2010 12:32|
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