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Castell, L (2008) Adapting building design to access by individuals with intellectual disability. Construction Economics and Building, 8(01), 11-22.

Li, J and Zou, P (2008) Risk identification and assessment in PPP infrastructure projects using fuzzy analytical hierarchy process and life-cycle methodology. Construction Economics and Building, 8(01), 34-48.

Oo, B, Drew, D and Lo, H (2008) Comparing contractors' decision to bid in different market environments. Construction Economics and Building, 8(01), 1-10.

  • Type: Journal Article
  • Keywords: Bidding; construction markets; decision to tender
  • ISBN/ISSN: 1445-2634
  • URL: https://doi.org/10.5130/AJCEB.v8i1.2993
  • Abstract:
    The competitive situations within the Australia, Hong Kong and Singapore construction market environments are compared by observing the contractors’ decision to bid behaviour according to two extreme market conditions (i.e. booming and recession) and different number of bidders scenarios (ranging from 4 to 30). Data were collected via a designed experiment so as to make direct comparisons possible. This study provides evidence that contractors’ decision to bid behaviour varies in different market environments. In line with decreasing probability of winning, the ‘bid’ responses of the three groups of contractors decrease as the number of bidders increases. However, all Australian respondents declined to bid when the number of bidders exceeded 10, even in recession. This is in stark contrast to Hong Kong and Singapore where about 30% of respondents were willing to bid in competitions containing 30 bidders, even in boom periods. In addition, the ‘bid’ responses of Australia were higher in booming than in recession times when the number of bidders, N ? 4. The Hong Kong construction market environment was found to be the most competitive with considerably higher proportions of ‘bid’ responses; this was followed by Singapore and Australia, respectively.

Slater, R and Radford, A (2008) Perceptions in the Australian building industry of deficiencies in architects' design documentation and the effects on project procurement. Construction Economics and Building, 8(01), 23-33.

Towner, M and Baccarini, D (2008) Risk pricing in construction tenders - how, who, what. Construction Economics and Building, 8(01), 49-60.