Utility Function Determination for Bidding Models
Two basic decision criteria which may be used in bidding models are maximization of expected monetary value and maximization of expected utility value. The utility function is used in...

Bidding Is Against Client Interest
Selecting an engineer or an architect on the basis of the lowest price can easily result in construction that is initially more costly, and more expensive to maintain, since it tends to...

State of the Society
The annual report by ASCE's President highlights significant actions and events affecting the Society. A dues increase is unavoidable even if programs and services are held...

Bidding Models: Resolution of a Controversey
The material presented herein offers a resolution of the controversy over the Friedman and Gates bidding models. Both have been shown to be correct in their own way, Friedman's...

Competitive Bidding: The Probability of Winning
Current competitive bidding strategy models are reviewed critically with emphasis placed on similarities and differences between methods of valuating projects and between methods used...

Seminar on Foundation Construction Estimating and Bidding

Competitive Bidding On Foreign Work
The increased opportunity for overseas work has found American engineers dealing with foreign clients whose practices are governed by rules and laws at variance with the U.S. Code of Ethics....

Design and Construction of Mossyrock Penstocks
Foundation conditions required that the powerhouse be located close to the arch dam, resulting in relatively short, straight runs of penstock. Preliminary computations indicated that...

Main Cables of Newport Suspension Bridge
A description is given of the successful construction of the first set of bridge cables using prefabricated and reeled parallel-wire strands in the suspension bridge of the Newport Bridge....

Bidding with Competitive Strategy Models
This work presents a bidding procedure based on competitive strategy theory. A study comparing the bids yielded by several competitive strategy models with those of actual lettings for...

Changed Soil and Rock Conditions in Construction
The object the changed conditions clause in construction contracts is to minimize the gamble in bidding on soil and rock work by paying the contractor for unexpected soil and rock conditions....

Bidding Contingencies and Probabilities
Bidding contingencies are categorized into the following four groups: Mistakes; subjective uncertainties; objective uncertainties; and chance variations. In each case a formulation is...

Project Planning Game for Foundation Excavation
A computerized game used to simulate the competition among several subcontractors bidding and planning for the foundation of a building construction project subjected to the imposed constraints...

Construction Management Game - Deterministic Models
A construction management game in which the market demands are predetermined is presented. The game is programmed for computers to simulate the competition for the market by five general...

OPBID: Competitive Bidding Strategy Model
A discrete probabilistic model of strategy for competitive bidding in the construction industry is formulated and tested. The model is applied to actual past bidding data obtained from...

Bidding-Work Loading Game
Simulation exercises permit participants to make sequences of decisions and observe their effects in a dynamic and competitive setting. An exercise (management game) has been developed...

Unbalanced Bidding Models - Theory
A class of unbalanced bidding problems appropriate for unit price proposals is indentified. Using the present worth of future revenue as an objective, several models are constructed for...

Bidding Strategies and Probabilities
Seven competitive bidding strategies for optimizing profits in construction contracting are developed; namely: (1) Lone Bidder Strategy—no competitors; (2) Two Bidders Strategy—one competitor;...

Business Failures in Construction
The tremendous potential of the construction industry is outlined against a rising trend of failures. These failures are analyzed by type of contractor, the amount of liabilities, and...

Bidding Phase of Construction Contracts

 

 

 

 

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