Abstracts – Browse Results
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Abdelkhalek, S; Zayed, T; Eltoukhy, A E E (2025) Multifaceted optimization for bridge inspection process. Journal of Construction Engineering and Management, 151(5).
Afolabi, A; Yusuf, A; Akanmu, A (2025) Effect of a passive shoulder-support exoskeleton on muscle activity, range of motion, discomfort, and exertion during painting tasks. Journal of Construction Engineering and Management, 151(5).
Ahmed, K; Leung, M Y; Yang, W; Manu, P (2025) Moderating effects of coping behaviors on stressor-stress relationships of ethnic minority construction workers. Journal of Construction Engineering and Management, 151(5).
Bhattacharjee, K; Bugalia, N; Mahalingam, A (2025) Differences in pathways to resilient safety culture for construction projects of different sizes. Journal of Construction Engineering and Management, 151(5).
Chen, Z; Li, T; Qin, L; Jiang, Y (2025) Vision-guided autonomous block loading in a dual-robot collaborative handling framework. Journal of Construction Engineering and Management, 151(5).
Cuervo, J C and Pheng, L S (2003) Significance of location factors for Singapore transnational construction corporations. Engineering, Construction and Architectural Management, 10(5), 342–53.
Fares, A; Elazouni, A; Al-Alawi, M (2025) Using game theory to negotiate win-win payment terms between contractors and subcontractors. Journal of Construction Engineering and Management, 151(5).
- Type: Journal Article
- Keywords: cash flow; game theory; negotiation; payment terms; procurement; subcontractors
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/JCEMD4.COENG-15140
- Abstract:
The construction business is known for its fierce competition among contractors and intensive outsourcing to subcontractors. Contractors compete for projects from owners by offering the lowest bid prices based on the lowest subcontractors' quotes. However, interactions between contractors and subcontractors are typically adversarial, with contractors imposing stringent contract terms and subcontractors raising their prices in response. This dynamic prevents both parties from achieving mutual gains and inflates overall construction costs. Consistently, subcontractors stressed the significant impact the payment terms have on the consistency of their cash flow. Thus, the demands of both parties open opportunities for mutual negotiations, wherein the contractors offer better payment terms for subcontractors in exchange for subcontractors offering subsidized quotes. However, there are limited studies modeling these interactions to demonstrate their potential to achieve win-win outcomes. To this end, this study introduces a prebidding negotiation process between contractors and subcontractors to establish win-win payment terms employing a nonzero-sum, noncooperative, and dynamic game-theory method. A case study that describes a two-party game between the contractor and one subcontractor illustrates the proposed method. The outcomes demonstrate the method's ability to significantly increase the payoff for the two parties. The results also highlight the benefits of negotiating flexible payment terms between contractors and subcontractors in reducing the overall construction costs.
Fernández, A I; Jarufe, J; Segarra, P; Cavieres, P (2025) Management of construction planning process in massive underground mining by integrating LPS and cit through action research. Journal of Construction Engineering and Management, 151(5).
Hong, W T; Whyte, J; Xue, J (2025) A natural language processing-driven framework for policymaking in infrastructure development. Journal of Construction Engineering and Management, 151(5).
Lee, D; Han, K (2025) Autonomous navigation and positioning of a real-time and automated mobile robotic welding system. Journal of Construction Engineering and Management, 151(5).
Sciulli, G; Rizzo, P; Kurlander, J; Brozik, B (2025) A comparative analysis of three methodological frameworks for bridge asset management. Journal of Construction Engineering and Management, 151(5).
Shehadeh, A; Alshboul, O (2025) Game theory integration in construction management: A comprehensive approach to cost, risk, and coordination under uncertainty. Journal of Construction Engineering and Management, 151(5).
Thiruvenghadam, T S; Prakash, A (2025) Emerging paradigms and practices in construction equipment management. Journal of Construction Engineering and Management, 151(5).
Umair, M; Seo, J; Luo, Y; Ahn, C R (2025) Investigating the impact of virtual reality accident experience on construction workers' risk habituation through individual behaviors. Journal of Construction Engineering and Management, 151(5).
Uthai, T; Zhou, T; Ye, Y; You, H; Du, J (2025) Haptics-based robot teleoperation for soft object manipulation. Journal of Construction Engineering and Management, 151(5).
Wang, M; Yao, G; Yang, Y; Li, R; Deng, R (2025) A decision support tool for dust prevention and control in construction. Journal of Construction Engineering and Management, 151(5).
Xia, N; Ding, S; Zhai, F; Xia, M (2025) Sharing psychological safety climate at the group level among construction workers: The roles of group identification and interactional justice. Journal of Construction Engineering and Management, 151(5).
Yllmaz, M; Dede, T (2025) Optimizing multiobjective time-cost-quality problems in construction projects: Efficacy of strength Pareto-based rao algorithms. Journal of Construction Engineering and Management, 151(5).
Zhou, Y; Liu, J; Pu, X; Ding, Y (2025) Signaling game analysis of transfer mechanisms of PPP projects: Considering investors' moral hazard and adverse selection behavior. Journal of Construction Engineering and Management, 151(5).