In the public construction market, the award price levels of many projects are abnormally low and such a situation has long been to blame for poor project quality. Previous studies have regarded the abnormal low-bids are generated by insufficient market demands, excessive suppliers, and the unsound bidding system. However, few studies noticed that the ¿sell to produce¿ characteristic of construction projects may induce contractors to adopt opportunistic bidding strategy, offering a low bid and then make up the amount initially sacrificed from beyond-contractual reward (BCR) gained through cutting corners and raising claims. This book thus aims to introduce contractors¿ opportunistic bidding behavior and its impacts on the construction market. A systemic overview of contractors¿ pricing behavior under two main streams of contractor selection system, the price-based and qualification-based systems, is presented. Several managerial policies in reducing contractors¿ opportunistic bidding behavior are evaluated.
Book Description
Editorial Reviews
About the Author
Dr. Min-Ren Yan is an Assistant Professor at the Dept of Business Administration in Chinese Culture University. He is specialized in project management, industrial economics, and system dynamics modelling for decision analysis. He is also an invited consultant in a web technology company.
Product Details
Would you like to update product info or give feedback on images?
|
Customer Reviews
|
There are no customer reviews yet.
|
|||
|
Video reviews
|
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
