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Chan, S L (2002) Responses of selected economic indicators to construction output shocks: the case of Singapore. Construction Management and Economics, 20(06), 523-33.

Emsley, M W, Lowe, D J, Duff, A R, Harding, A and Hickson, A (2002) Data modelling and the application of a neural network approach to the prediction of total construction costs. Construction Management and Economics, 20(06), 465-72.

Goulding, J S and Al-Shawi, M (2002) Generic and specific IT training: a process protocol model for construction. Construction Management and Economics, 20(06), 493-505.

Lingard, H and Sublet, A (2002) The impact of job and organizational demands on marital or relationship satisfaction and conflict among Australia civil engineers. Construction Management and Economics, 20(06), 507-21.

Marzouk, M and Moselhi, O (2002) Simulation optimization for earthmoving operations using genetic algorithms. Construction Management and Economics, 20(06), 535-43.

Ngai, S C, Drew, D S, Low, H P and Skitmore, M (2002) A theoretical framework for determining the minimum number of bidders in construction bidding competitions. Construction Management and Economics, 20(06), 473-82.

  • Type: Journal Article
  • Keywords: construction price determination; tendering theory; construction economics; number of bidders
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190210151041
  • Abstract:

    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. Empirical analysis of the Hong Kong data set not only illustrates the applicability of the framework, but also supports the relevance of the microeconomic model for construction price determination. The main implication for clients is that, in order to obtain the most competitive bids for projects in the most cost-efficient way, they should vary the minimum number of bidders in competition according to market conditions

Shi, J J (2002) Three methods for verifying and validating the simulation of a construction operation. Construction Management and Economics, 20(06), 483-91.