A multivariate approach to contract bidding mark-up strategies

Skitmore, Martin and Pemberton, John (1994) A multivariate approach to contract bidding mark-up strategies. Journal of the Operations Research Society 45(11):pp. 1263-1272.

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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.

Item Type:	Journal Article
Status:	Published
Keywords:	Bidding Strategy; Multivariate Analysis; Construction Contracts
Subjects:	230000 Mathematical Sciences > 230100 Mathematics > 230117 Operations Research
ID Code:	9375
Deposited By:	Skitmore, Martin
Deposited On:	07 September 2007
Alternative Locations:	http://www.palgrave-journals.com/jors/index.html
Copyright Owner:	Copyright 1994 Palgrave Macmillan
Copyright Statement:	This is a post-peer-review, pre-copyedit version of an article published in Journal of the Operations Research Society. The definitive publisher-authenticated version [Journal of the Operations Research Society 45(11):pp. 1263-1272] is available online at: [http://www.palgrave-journals.com/jors/index.html]