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Adams, O (1997) Contractor development in Nigeria: perceptions of contractors and professionals. Construction Management and Economics, 15(01), 95-108.

Chau, K W (1997) Note - Monte Carlo simulation of construction costs using subjective data: response. Construction Management and Economics, 15(01), 109-15.

Hatush, Z and Skitmore, M R (1997) Criteria for contractor selection. Construction Management and Economics, 15(01), 19-38.

Kaming, P F, Olomolaiye, P O, Holt, G D and Harris, F C (1997) Factors influencing construction time and cost overruns on high-rise projects in Indonesia. Construction Management and Economics, 15(01), 83-94.

Peng, C L, Scorpio, D E and Kibert, C J (1997) Strategies for successful construction and demolition waste recycling operation. Construction Management and Economics, 15(01), 49-57.

Pietroforte, R (1997) Communication and governance in the building process. Construction Management and Economics, 15(01), 71-82.

Preece, C and Male, S (1997) Promotional literature for competitive advantage in UK construction firms. Construction Management and Economics, 15(01), 59-69.

Rawlinson, S and Raftery, J (1997) Price stability and the business cycle: UK construction bidding patterns 1970-1991. Construction Management and Economics, 15(01), 5-18.

  • Type: Journal Article
  • Keywords: bidding; business cycle; market price
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461997373079
  • Abstract:

    Problems of competitive pricing and strategic management in the construction industry are discussed. A statistical analysis of tender spread patterns over the period 1970-91 shows that changing market conditions influence levels of risk exposure and in turn affect the establishment of a market-generated ’going rate’ for construction. A pattern of increasing stability of pricing is identified during the 1980s, and this pattern is linked to developments in the strategic management of contracting organizations. Despite trenchant criticism of the sealed bid as a method of price determination, the industry’s price levels do respond relatively quickly to changed economic conditions.

Seymour, D E, Crook, D and Rooke, J (1997) Note - The role of theory in construction management: a call for debate. Construction Management and Economics, 15(01), 117-9.

Wong, E and Norman, G (1997) Economic evaluation of materials planning systems for construction. Construction Management and Economics, 15(01), 39-47.