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Aibinu, A A and Pasco, T (2008) The accuracy of pre-tender building cost estimates in Australia. Construction Management and Economics, 26(12), 69.

Cattell, D W, Bowen, P A and Kaka, A P (2008) A simplified unbalanced bidding model. Construction Management and Economics, 26(12), 90.

Christodoulou, S E (2008) A bid-unbalancing method for lowering a contractor's financial risk. Construction Management and Economics, 26(12), 302.

  • Type: Journal Article
  • Keywords: bid-unbalancing; project profitability; cash flow optimization; entropy
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190802596238
  • Abstract:
    A method is presented for unbalancing bids and optimizing the allocation of overall project profits to individual activities by considering the financial parameters of a project (bid mark-up and projected cash flow), in conjunction with lowering the exposure to possible financial disorder in the project. The method utilizes the general concept of entropy and a variant of it (hereby termed "monetary entropy", H M) as measures of a project's perceived level of disorder, in order to distribute the total bid mark-up to the project activities. The entropy-based bid-unbalancing method seeks to minimize a possible financial disorder (the monetary entropy) resulting from limited monetary resources available to the project and from badly developed project cash flows. The intended primary users of the method are contractors during the initial bidding stage of a project.

Liu, A M M and Fellows, R (2008) Behaviour of quantity surveyors as organizational citizens. Construction Management and Economics, 26(12), 82.

Minchin, R E, Hammons, M I and Ahn, J (2008) A construction quality index for highway construction. Construction Management and Economics, 26(12), 24.

Senaratne, S and Sexton, M (2008) Managing construction project change: a knowledge management perspective. Construction Management and Economics, 26(12), 11.