Contractor’s decision for bid profit reduction within opportunistic bidding behavior of claims recovery

Mohamed, Khaled; Khoury, Shafik S.; Hafez, Sherif M.

doi:10.1016/j.ijproman.2009.12.003

Cited by 74 publications

(35 citation statements)

References 29 publications

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“…In accordance with the aforementioned evidences, at least six adverse feedback loops hidden within the PBS have been identified [35]. Subsequent studies and empirical analyses support the adverse impacts on the building and construction industries in many countries, including the U.S. and China [36][37][38][39][40][41]. The structural feedback loops of project-based competition (as shown in Figure 1) are summarized as the following three groups:…”

Section: The Market Competitive Behavior Under the Price-based Awardimentioning

confidence: 71%

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Yan

2015

Sustainability

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Building and construction sectors are significant contributors to the global economy, but their energy consumption necessitates greater commitment to sustainable developments. There is therefore a growing demand for green innovation in the form of cleaner production and policies to meet the modern requirements of sustainability. However, the nature in which public work is undertaken is in an environment of project-based market competition, whereby contractors routinely bid for contracts under specific project awarding systems, and variations are accompanied with the unique scope of individual projects before the final goods or services are delivered. A comprehensive understanding of the characteristics and contractors' behavior in systems could help to identify the leverage points of policies. This paper proposes a system dynamics model, with quantitative analysis and simulations, to demonstrate the problems of a system with different project awarding systems and ineffective market performance. The framework of market efficiency and performance measures has been proposed to evaluate the project-based competition mechanism. Managerial policy implications for market efficiency and sustainable developments can thus be systematically discussed and compared through iterative computer simulations and scenario analysis.

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Section: The Market Competitive Behavior Under the Price-based Awardimentioning

confidence: 71%

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Yan

2015

Sustainability

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“…Six additional articles (Ke et al, 2010;Smyth et al, 2010;Tang et al, 2010;Badenfelt, 2011;Cheung et al, 2011;Mohamed et al, 2011) discuss game theory in one of three ways:…”

Section: Game Theory In the Project Management Literaturementioning

confidence: 99%

A game theory perspective on product development project charters: the project manager - project sponsor relationship as an iterated Prisoner's Dilemma

Muegge

2017

IJPOM

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Abstract:The product development processes of many firms include a project charter -a document that formally authorises a product development project, establishes expectations and success criteria, and provides a project manager with authority and resources. Neither the project sponsors nor the project manager have complete and perfect knowledge; thus the project charter is the outcome of negotiation, estimation, and forecasting, by stakeholders with partially aligned and partially differing incentives -a situation that game theorists characterise as a 'mixed-motive game'. This article develops a conceptual game theory model of the project manager -project sponsor relationship, then draws on past research on analytic game theory, evolutionary game theory, and behavioural game theory to develop propositions about cooperation on project charters and implications for theory and practice. The model and propositions developed from the model contribute to our conceptual understanding of cooperation within product development organisations and the theoretical underpinnings of project management.

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“…It not only changed the financial personnel working condition, and improved work efficiency, but also improves quality of the financial work in accurate and standard. [6] In this thesis, design and supply chain accounting software according to the structure features and small business financial accounting work methods, in order to supply chain system this module as the breakthrough point, based on Java Web related technology, combined with financial processing related process, and make its independent to complete the enterprise raw material enter an item in an account and accounting work and forming a corresponding statements. …”

Section: Logic Designmentioning

confidence: 99%

The Design and Implementation of the Project Accounting System

Liu¹

2015

Proceedings of the 2015 International Conference on Materials Engineering and Information Technology Applications

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Abstract. In this paper, in order to meet the management and business requirements of project management in the engineering company, the project accounting system is developed. While designing the system, we absorb the advantages of the rules for the preparation of accounting subject divide the project accounting into revenue accounting and profit and loss according to the financial management mode in com-inaction with the requirements of project accounting business innovatively design the project subject and the project amortization rule, and realize the information management of the project accounting system.

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Contractor’s decision for bid profit reduction within opportunistic bidding behavior of claims recovery

Cited by 74 publications

References 29 publications

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

A game theory perspective on product development project charters: the project manager - project sponsor relationship as an iterated Prisoner's Dilemma

The Design and Implementation of the Project Accounting System

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