• DocumentCode
    2451820
  • Title

    Simulation Calculation Model of the Threshold Cost for Construction Project Bidding

  • Author

    Jianbing Liu ; Hong Ren ; Zhiming Li

  • Author_Institution
    Coll. of Constr. Manage. & Real Estate, Chongqing Univ., Chongqing, China
  • fYear
    2009
  • fDate
    25-26 April 2009
  • Firstpage
    810
  • Lastpage
    813
  • Abstract
    Construction enterprises win the project by construction project bidding .In present system of biding ,the threshold bidding cost directly impacts on bidding for quotation price of winning the tender, so it is very critical to design reasonable cost threshold in completive-bidding .There are many factors that influence the construction cost, which make construction cost to have the character of the uncertainty and the distribution of statistics. So, the mathematics statistic method and the capital-time value are introduced to design on the threshold bidding cost, then ,the dynamic model of threshold bidding cost is built , which can be tested by the error term. Finally, after the model is analyzed by real project, construction enterprises can improve the probabilities of wining the project by applying the model in practice. So the dynamic model of the threshold cost of bidding have an important practical guiding significance for construction enterprises tendering.
  • Keywords
    commerce; construction industry; pricing; probability; project management; simulation; statistical distributions; tendering; completive-bidding; construction enterprise; construction project bidding; dynamic threshold bidding cost model; probability; quotation price; simulation calculation model; statistical distribution; tender winning; Artificial intelligence; Conference management; Cost accounting; Educational institutions; Electronic mail; Ethics; Mathematical model; Project management; Statistical distributions; Uncertainty; bidding; construction project; tender quotation price; the threshold cost; winning the project;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Artificial Intelligence, 2009. JCAI '09. International Joint Conference on
  • Conference_Location
    Hainan Island
  • Print_ISBN
    978-0-7695-3615-6
  • Type

    conf

  • DOI
    10.1109/JCAI.2009.69
  • Filename
    5159126