Computer Implementation of Fuzzy Reasoning in Tenderingby C. M. Tam, City Polytechnic of Hong Kong, Hong Kong, Hong Kong,
K. C. Lam, (M.ASCE), City Polytechnic of Hong Kong, Hong Kong, Hong Kong,
Albert T. P. So, City Polytechnic of Hong Kong, Hong Kong, Hong Kong,
Document Type: Proceeding Paper
Abstract: There are a lot of risk factors need to be considered in tendering in the construction industry. Examples are a) The market conditions: the degree of competition, the prevailing and the predicted supply of work, etc., b) The current workload of the contractor himself, c) Possible changes in regulations including safety, environmental control and technical matters, d) Labor supply, e) Materials supply, f) Currency fluctuation, g) Inflation, h) Project risks.
Subject Headings: Risk management | Fuzzy sets | Construction industry | Competition | Contractors and subcontractors | Safety
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