Yizhe, T and Youjie, L (1992) Unbalanced bidding on contracts with. Variation trends in client-provided quantities. Construction Management and Economics, 10(1), pp. 69-80. ISSN 01446193
Abstract
This paper examines unbalanced contract bidding, a strategy for the allocation of rates to unit quantities for the benejt of the bidder. A mathematical model is proposed which attempts to objectively exploit variation trends in client-provided quantities. It is shown that the model can be solved by two methods – linear programming and the maximum-minimum method. The maximum-minimum method is preferred for most real-world situations.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | bidding strategies; cash flow; operations research; unbalanced bidding |
| Index terms: | linear programming, bidder, cash flow, mathematical model, strategy, variation, operations research, unbalanced bidding, bidding |
| Subjects: | algorithms, management, financial management, contractual condition, mathematical modelling, design methods, bidding |
| Topics: | Digital Applications, Design Practice, Contract Administration, Research Practice, Cost Management, Business Strategy, Procurement |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here