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Optimal Strategy Modeling for Price-Time Biparameter Construction Bidding
Publisher: American Society of Civil Engineers
Abstract: In the price-time biparameter construction bidding system, each contractor submits a bid price and construction time to complete the project, which are then aggregated to a total combined bid (TCB) by the client, and the ...
Heterogeneous Approach to Modeling Contractors' Decision-to-Bid Strategies
Publisher: American Society of Civil Engineers
Abstract: This research is based on the premise that there is heterogeneity in the population of contractors, i.e., that individual contractors exhibit different bidding behavior when confronted with a given set of bidding variables. ...
Modeling the Heterogeneity in Contractors’ Mark-Up Behavior
Publisher: American Society of Civil Engineers
Abstract: Individual contractors exhibit different bidding behaviors when confronted with a given set of project decision environment factors, i.e., heterogeneity in the population of contractors. In examining the tenability of the ...