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Evolutionary Simulation of Contractors’ Learning and Behavior under Two Bid-Tendering Approaches
Publisher: American Society of Civil Engineers
Abstract: Bidding and determining the optimum markup are two major decisions that a contractor has to think about thoroughly when faced with a new project. Several bidding models have been presented in the literature to help contractors ...
Effect of Implementing Sustainable Management Practices on Construction Claim Mitigation
Publisher: ASCE
Abstract: The fragmented management of traditional construction projects, which mainly lacks the integration of project processes, often results in schedule delays and cost overruns. As a result, claims are most likely to arise ...
Owner’s Perspective on Evolution of Bid Prices under Various Price-Driven Bid Selection Methods
Publisher: American Society of Civil Engineers
Abstract: In the construction industry, it is crucial for owners to select the appropriate contract delivery method to achieve best performance on their projects. The low-bid method has been the most common competitive bid selection ...
Understanding Dispute Resolution in the Middle East Region from Perspectives of Different Stakeholders
Publisher: American Society of Civil Engineers
Agent-Based Model for Simulating Construction Safety Climate in a Market Environment
Publisher: American Society of Civil Engineers
Abstract: A strong construction safety climate is sought after by governments, owners, and insurance providers. When making safety policy changes, legislative bodies and construction stakeholders alike try to successfully predict ...
Developing a Virtual Laboratory for Construction Bidding Environment Using Agent-Based Modeling
Publisher: American Society of Civil Engineers
Abstract: The competitive construction bidding process is a highly unstructured decision-making problem where contractors have to take several factors into consideration, weigh their relative importance, and consequently make bidding ...
Impact of Altering the Bid Selection Method to Below-Average Method: An Agent-Based Modeling Approach
Publisher: American Society of Civil Engineers
Abstract: Numerous research proposed alternative selection methods to compensate for the drawbacks of the lowest qualified bidder (LQB) approach, including the below-average-bidder (BAB) method. While previous work has been carried ...