A generalised bidding model is developed to calculate a bidder’s expected profit and auctioners expected revenue/payment for both a General Independent Value and Independent Private Value (IPV) kmth price sealed-bid auction (where the mth bidder wins at the kth bid payment) using a linear...

The productivity of the construction industry has a significant effect on national economic growth. Gains from higher construction productivity flow through the economy, as all industries rely on construction to some extent as part of their business investment. Contractions and expansions of...

Construction contract auctions are characterised by (1) anticipated high outliers due to the presence of non-competitive bids, (2) very small samples and (3) uncertainty of the appropriate underlying density function model of the bids. This paper describes the simultaneous identification of high...

A Delphic study investigating the perceived relationship between 20 contractor selection criteria (CSC) currently in use and project success factors (PSFs) in terms of time, cost and quality is described involving a sample of eight experienced construction personnel, including two validators. A...

In statistical analysis of intertemporal movements in time-cost relationships via the Bromilow model it is shown that for Ng et al.'s (2001) Australian data, the K value is not significantly different from unity. This is utilized to develop a new and simpler ratio measure of the time-cost...

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...