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Drejer, I and Vinding, A L (2006) Organisation, "anchoring" of knowledge, and innovative activity in construction. Construction Management and Economics, 24(09), 921-31.

Jha, K N and Iyer, C K (2006) What attributes should a project coordinator possess?. Construction Management and Economics, 24(09), 977-88.

Kim, H J and Reinschmidt, K F (2006) A dynamic competition model for construction contractors. Construction Management and Economics, 24(09), 955-65.

  • Type: Journal Article
  • Keywords: Competitive bidding; dynamic competition; interaction and feedback; market changes and timing; competitive factors
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190600799729
  • Abstract:

    In construction, the issue of competition has been studied focusing on competitive bidding. The objective of most competitive bidding models is to find the optimum mark‐up to maximise the expected profit from a single firm’s perspective. However, a firm’s success depends on its long‐term interactions with the market and its competitors. To better understand competition in the market, there is a need to analyse competition from a dynamic market perspective. Building on previous models and relevant competition studies, a dynamic simulation model has been developed to provide an analytical framework for understanding dynamic competition. In this model, similar firms are equally exposed to demand uncertainties. Each applies its own policy, responding to market changes and to competitors’ actions to optimise its market position. The firms’ responses and their dynamic feedback are simulated and analysed. The results show how difficult it is for any firm to acquire a long‐term competitive advantage by means of bidding/marketing strategies—just as it is in the real world of price‐competitive contracting. Some considerations are presented for a single firm to develop a competitive strategy.

Manley, K and Mcfallan, S (2006) Exploring the drivers of firm-level innovation in the construction industry. Construction Management and Economics, 24(09), 911-20.

Pun, S K, Liu, C and Langston, C (2006) Case study of demolition costs of residential buildings. Construction Management and Economics, 24(09), 967-76.

Stoy, C and Kalusche, W (2006) The determination of occupancy costs during early project phases. Construction Management and Economics, 24(09), 933-44.

Whitla, P, Walters, P and Davies, H (2006) The use of global strategies by British construction firms. Construction Management and Economics, 24(09), 945-54.

Yang, I-T (2006) Using Gaussian copula to simulate repetitive projects. Construction Management and Economics, 24(09), 901-9.