1 publication

• Published Subscription 20 May 2019

  Bidding Strategy for Building Projects Based on Game Theory

  By M. Barath Priyan, K. Chinnaraju

  Abstract: The owners of construction projects typically apply a competitive bid process to award a contract to the qualified bidder who submits the lowest price. For the contractors, it is very difficult to decide an optimal mark-up and bid value to win the contract and at the same time to secure sustaining profitability as high as possible. For that, from the various literatures related to the bidding problems, the factors are …

  Published in International Journal of Construction Engineering and Planning · Vol. 5, Issue 1, 2019 · pp. 1–11 Read article →