Contractors' Opportunistic Bidding in the Public Construction Market

Contractors' Opportunistic Bidding in the Public Construction Market (Paperback)

By Min Ren Yan 
Publisher: VDM Verlag
Edition: Paperback
ISBN: 3639165322
EAN: 9783639165326
No. of Units: 1
Publish Date: 2009-07-31
Binding: Paperback
Ships in 5 - 7 Days.
FREE Shipping in India
Check Delivery to my Area

Description

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.
show moreless

Specification

Title: Contractors' Opportunistic Bidding in the Public Construction Market
Publisher: VDM Verlag
Author: Min Ren Yan
Edition: Paperback
ISBN: 3639165322
EAN: 9783639165326
No. of Units: 1
Publish Date: 2009-07-31
Binding: Paperback

Disclaimer

  • The book summary and image may be of a different edition or binding of the same title.
  • Book reviews are added by registered customers. They need not necessarily buy book.
  • These books are NOT available for reading online or for free download in PDF or ebook format.
  • Price can change due to reprinting, price change by publisher or sourcing cost change for imported books.
  • www.infibeam.com/Books is the biggest online bookstore in India for sale of books at best price - fiction, literature, audiobooks, study guides, novels, story books, rare books, textbooks and books by popular authors. These are available in various editions and bindings e.g. paperback and at best discount.