A theoretical framework is proposed for determining the minimum number of bidders in competition for projects in the construction industry. This is based on the neo-classical micro-economic theory for price determination in construction and the assumption of random contractor-selection....

Consultants, in competing for work through two-envelope fee tendering, have been urged to consider variability differences between fees and technical scores, since the criterion with the greatest variability will influence which consultant is awarded the contract. Fee and technical score...

This paper introduces the findings of a recent benchmarking study on the use of information technology (IT) among quantity surveying (QS) companies in Hong Kong. The study was conducted through a questionnaire survey among 15 QS companies registered in Hong Kong, representing around 50 per cent...

The use of statistical modeling in the estimation of Origin-Destination (OD) matrix from traffic counts is reviewed. In particular, statistical models that consider explicitly the presence of measurement and sampling errors in the observed link flows are discussed. This paper proposes treating...

Statistical models for the estimation of Origin-Destination (OD) matrix from traffic counts that consider explicitly the presence of randomness in the link choice proportions have been developed recently. These models are more receptive to the fluctuations in the observations due to measurement...

Contractors' decision to bid is dependent on many individual characteristics, including some that are unobservable by their competitors. There is natural heterogeneity across contractors in terms of their (i) intrinsic bid/no-bid preferences; and (ii) responses to decision to bid factors. This...

The financial management of the construction procurement process is dependent upon on the performance of the managers involved. This paper describes an analysis of pre-tender building price forecasts (estimates) made by a Hong Kong consulting organisation for a series of 89 building projects...

A method for analysing the competitiveness of a consultant's two-envelope fee tendering history is proposed and illustrated in an application to one of Hong Kong's larger quantity surveying practices. Separate measures for determining consultants' fee, quality score and overall competitiveness...

The interrelationships between collective learning, collective knowledge and learning networks are complex and difficult, especially in a construction context. A questionnaire survey was carried out in Hong Kong to test the hypothesis that practitioners who need a wider domain of knowledge for...

Bidding strategies vary from contractor to contractor, each of which will have different degrees of sensitivity towards the factors affecting their bidding decisions. A competitor analysis using a linear mixed model is proposed for use by contractors as part of a more informed approach in...