A generalised bidding model is developed to calculate a bidder’s expected profit and auctioners expected revenue/payment for both a General Independent Value and Independent Private Value (IPV) kmth price sealed-bid auction (where the mth bidder wins at the kth bid payment) using a linear...

<title>ABSTRACT</title> China today is experiencing a time when housing is needed more than ever and one approach satisfying this need is by industrialization -- a streamlined process aimed at generating profits and promoting energy efficiency in the housing sectors. Although large housing programs have been...

The productivity of the construction industry has a significant effect on national economic growth. Gains from higher construction productivity flow through the economy, as all industries rely on construction to some extent as part of their business investment. Contractions and expansions of...

Communication problems have emerged as one of the most significant contemporary challenges facing construction project managers in an increasingly international construction market. However, little research has investigated the impact of cross-cultural communication (CCC) on management systems...

The execution of 'macro-adjustment' policies by the central government to cool down the overheated real estate market in the past few years has created an unfavourable operating environment for real estate developers in Mainland China. Developers need to rethink their business model and create a...

The focus of this paper is on the influence of the learning climate in organisations on practitioner competence. Practitioners in the context of the paper are Chartered Quantity Surveyors, while competency is measured in terms of the accuracy of construction contract price forecasts. The results...

This study investigates the service quality in the maintenance of mechanical and engineering services. The determinants of service quality are identified and their means of evaluation are examined. A method of assessment is devised based on the SERVQUAL approach, and its use is then illustrated...

This paper is concerned with the effect of outliers on predictions of the probability of tendering the lowest bid in sealed bid auctions. Four of the leading models are tested relative to the equal probability model by an empirical analysis of three large samples of real construction contract...