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Corrigendum to Skitmore M and Pemberton J (1994). A multivariate approach to construction contract bidding mark-up strategies. The Journal of the Operational Research Society, Vol. 45, No. 11 (Nov., 1994), pp. 1263-1272

Skitmore, Martin & Pemberton, John (2001) Corrigendum to Skitmore M and Pemberton J (1994). A multivariate approach to construction contract bidding mark-up strategies. The Journal of the Operational Research Society, Vol. 45, No. 11 (Nov., 1994), pp. 1263-1272. The Journal of the Operational Research Society, 52(8), p. 970.

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Abstract

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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ID Code: 4952
Item Type: Journal Article
Additional URLs:
ISSN: 1476-9360
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Quantity Surveying (120203)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 2001 Palgrave Macmillan Journals
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
Last Modified: 09 Jun 2010 22:34

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