Contract bidding in construction - R. M Skitmore

This volume adopts a systems approach to the various problems of contract bidding.;The first part of the book describes the building of a strategic decision system to aid in decision-making, firstly by examination of some reported existing systems and then progressively by a step-by-step introduction to the key elements involved. The text identifies bidding as a decision-making process and subject to all the usual problems associated with making decisions, such as motivation, the nature of behaviour and the environment. The book goes on to examine exactly what constitutes a strategic decision for a construction company, describes how to build a conceptual model of the project selection-bidding environment, and defines the various options open to the decision-maker.;The author then applies statistical models of construction demand and bidding behaviour to the system, and concludes the book with an introduction to such topics as collusion, data limitations and low bids.;It is designed for bidding and strategic management courses in colleges and universities and also for professionals in the construction industry needing clarification of the complexities of strategic decisions.