This paper examines the role and nature of trust in construction project management performance. Three causes, or antecedents, of trust are identified: results, integrity and concern. A questionnaire survey of construction project team members employed by three public sector infrastructure...

The main issues in the philosophical foundations of ethics and tendering ethics are outlined, and an introduction is provided to the Australian codes of tendering practice. A questionnaire survey is then described which sought to ascertain the extent to which ethical behaviour in tendering is...

Recent work on pricing has shown that neoclassical microeconomic theory (NCMT) is preferred to tendering theory and that implied by absorption, or full-cost, pricing of construction work because of its explicit treatment of market conditions, competitor behaviour and firm capacity levels....

John Raftery (1993), in his Inaugural Lecture at the University of Greenwich, suggested that project cost estimates be presented in the form of cumulative probability functions (termed here 'Raftery curves') rather than the current practice of single-point estimates. This paper describes a...

A theoretical framework is proposed for determining the minimum number of bidders in competition for projects in the construction industry. This is based on the neo-classical micro-economic theory for price determination in construction and the assumption of random contractor-selection....

Construction contract auctions are characterised by (1) anticipated high outliers due to the presence of non-competitive bids, (2) very small samples and (3) uncertainty of the appropriate underlying density function model of the bids. This paper describes the simultaneous identification of high...

This note is a comment on Chinyio, E.A., Olomolaiye, P.O., Kometa, S.T. and Harris, F.C. (1998) A needs based methodology for classifying construction clients and selecting contractors, Construction Management and Economics, 16(1), 91-98, which describes research aimed at classifying clients by...

Multiple regression is used to construct a prediction equation relating bidder competitiveness (the dependent variable) to the independent variables of bidder, contract type and contract size. The regression model shows that differences in contractor competitiveness are greater for different...

Typical measures of goodness of construction price forecasts are the mean and standard deviation, coefficient of variation and root mean square of the deviations between forecasted and actual values. This can only be valid, however, if the pain, or loss, incurred as a result of such deviations...