RISK AND NEED-FOR-WORK PREMIUMS IN CONTRACTOR BIDDING

被引：28

作者：

DENEUFVILLE, R

KING, D

机构：

[1] Massachusetts Inst, of Tech., Cambridge, MA

[2] Civ. Engr. Corps, United States Navy, NAS Barbers Point, HI

来源：

JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT-ASCE | 1991年 / 117卷 / 04期

关键词：

D O I：

10.1061/(ASCE)0733-9364(1991)117:4(659)

中图分类号：

TU [建筑科学];

学科分类号：

0813 ;

摘要：

Contractors add significant premiums. on the order of 3%, to their bids when they have a low need for work or projects have high risk. An empirical study of the effect of need-for-work and project risk on contractor bid markups was conducted by assessing and analyzing utility functions obtained from construction contractors in a bid-simulation exercise. Thirty New England contractors participated in the study. The statistical analysis of utility data indicates. with a high level of confidence, that need for work and risk significantly affect contractor bid markups. A revised model of bidding is presented. The paper also discusses the implications of these need-for-work and risk premiums for owners, contractors, and the insurance industry. Specifically. project managers should seriously consider investing at least 1% of the project cost in studies that reduce the risk perceived by contractors.

引用

页码：659 / 673

页数：15

共 30 条

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