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Arditi, D and Gutierrez, A E (1991) Performance of US contractors in foreign markets. Construction Management and Economics, 9(05), 431-49.
Rosenfeld, Y and Geltner, D (1991) Cost-plus and incentive contracting: some false benefits and inherent drawbacks. Construction Management and Economics, 9(05), 481-92.
Russell, A D and Ranasinghe, M (1991) Decision framework for fast-track construction: a deterministic analysis. Construction Management and Economics, 9(05), 467-79.
Skitmore, M R (1991) The construction contract bidder homogeneity assumption: an empirical test. Construction Management and Economics, 9(05), 403-29.
- Type: Journal Article
- Keywords: bidding; statistical model; tendering
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446199100000032
- Abstract:
This paper describes an empirical study to test the proposition that all construction contract bidders are homogeneous, i.e. they can be treated as behaving collectively in an identical (statistical) manner. An examination of previous analysis of bidding data reveals a flaw in the method of standardizing bids across different size contracts and a new procedure is proposed which involves the estimation of a contract datum. Three independent sets of bidding data were then subjected to this procedure and estimates of the necessary distribution parameters obtained. These were then tested against the bidder homogeneity assumption, resulting in the conclusion that the assumption may be appropriate for a three-parameter log-normal shape, but not for scale and location.
Uwakweh, B O and Maloney, W F (1991) Conceptual model for manpower planning for the construction industry in developing countries. Construction Management and Economics, 9(05), 451-65.