Visual Architectural Topology – An Ontology-Based Visual Language Tool in an Architectural Case Library

Lin, Chieh-Jen

doi:10.52842/conf.caadria.2013.003

Cited by 2 publications

(2 citation statements)

References 8 publications

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“…These competitive bidding situations are affected construction co. subjected to satisfaction with the decision-makers and cash flow problems. The virtual cases assumed five implementing works and two new bidding projects, related information are shown in Table 1 and Table 2, separately [4]. Where P(L) could be calculated by Eq.(3).…”

Section: Resultsmentioning

confidence: 99%

“…Order on behalf of the construction company for bidding new projects and implementations in progress within the predetermined period may additionally cost-balance probability, K=P(A)*P(B). In other words, K is the confidence level of the cost balancing for unsuccessful bidders in the current circumstances subscript scheduled work period, in addition to other projects in progress [4]. Comprehensive two possibilities of P(W) and cost-balance parameter K, the P(K) as shown in Eq.…”

Section: The Bidding Methods Formulationmentioning

confidence: 99%

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Case Study of Bidding Strategic Decision Based on Cost-Balance

Cheng

2013

AMR

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Government agencies and private sector clients typically use competitive bidding in order to award a contract to the lowest price qualified bidder. Bid price usually includes cost of construction and a markup, the scale of which is typically determined as a percentage of construction costs. Bidding strategy influences markup scale significantly and impacts contractor profit and the probability of winning the competitive contract. Further, this study is intend to compare Carr expected profit and cost-balance oriented screening under bid-to-win probability, considering to bid for new work and implementations in progress in a series of bidding states for bidding strategic decision to find out which one is the best choice in competitive bidding states for the contractor.

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Section: Resultsmentioning

confidence: 99%

Section: The Bidding Methods Formulationmentioning

confidence: 99%