A Multivariate Approach to Construction Contract Bidding Mark-up Strategies

& Pemberton, John (1994) A Multivariate Approach to Construction Contract Bidding Mark-up Strategies. Journal of the Operational Research Society, 45(11), pp. 1263-1272.

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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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59 citations in Scopus
45 citations in Web of Science®
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ID Code: 9375
Item Type: Contribution to Journal (Journal Article)
Refereed: Yes
ORCID iD:
Skitmore, Martinorcid.org/0000-0001-7135-1201
Measurements or Duration: 10 pages
Keywords: Bidding Strategy, Construction Contracts, Multivariate Analysis
ISSN: 0160-5682
Pure ID: 33979845
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Consult author(s) regarding copyright matters
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Deposited On: 07 Sep 2007 00:00
Last Modified: 03 Mar 2024 16:06