A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
A carefully worked example is presented to illustrate the correct interpretation and limitations of the equation first presented by Gates for determining the probability of winning a letting. This is followed by a critical analysis of the problems of and alternatives available for the incorporation into bidding models of the inherent uncertainties of the competitive environment. Finally, some guidelines for using and developing bidding models are given.
A carefully worked example is presented to illustrate the correct interpretation and limitations of the equation first presented by Gates for determining the probability of winning a letting. This is followed by a critical analysis of the problems of and alternatives available for the incorporation into bidding models of the inherent uncertainties of the competitive environment. Finally, some guidelines for using and developing bidding models are given.
Bidding Models: Truths and Comments
Fuerst, Michael (author)
Journal of the Construction Division ; 102 ; 169-177
2021-01-01
91976-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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