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Allocating risks in public-private partnership projects using a transaction cost economics approach - a case study

Jin, Xiao-Hua - 2009

Public-private partnership (PPP) projects are often characterised by increased complexity and uncertainty due to their … allocation in PPP projects and argues that the transaction cost economics (TCE) theory can integrate the economics part, which is … risks between public and private sectors in PPP projects. A case study of the Southern Cross Station redevelopment project …

Persistent link: https://www.econbiz.de/10009483696

Human effects in construction contract price forecasting: experience and experiential learning styles

Lowe, David J.; Skitmore, Martin - 2001

This paper reports on a fully structured interview survey, using a multi-sectional questionnaire, of experienced construction contract price forecasters. The aim of the research was to investigate the relationship between the accuracy of ‘early-stage’ forecasts and experience (defined in...

Persistent link: https://www.econbiz.de/10009437455

Predicting the probability of winning sealed bid auctions: a comparison of models

Skitmore, Martin - 2002

This paper is concerned with predicting the probability of tendering the lowest bid in sealed bid auctions. Four of the leading models from the bidding literature are shown to be subsumed within a general model – differing only in their method of parameter estimation. These models are then...

Persistent link: https://www.econbiz.de/10009437457

Strategic information modelling - the development of an executive support system for contract bidding adjudication decisions

Couzens, Alan C.; Skitmore, Martin; Thorpe, Antony - 1993

This paper describes a structured methodology for modelling the information requirements of contracting firms' tender adjudication decisions. The method adopted is based on the techniques of information strategy planning and critical success factor analysis used in the development of executive...

Persistent link: https://www.econbiz.de/10009437460

Fundamental Research in Bidding and Estimating

Skitmore, Martin - 1988

Since Friedman, fundamental research in construction contract bidding and estimating has been concerned with the full problem definition, formulation and calibration. The general problem definition is now virtually complete in that bidding involves sequential and simultaneous decisions to be...

Persistent link: https://www.econbiz.de/10009437462

An Executive Support System for contract bidding decisions

Couzens, Alan; Skitmore, Martin; Thorpe, Antony - 1993

It is widely contended that since any one particular project contributes a relatively significant part of a construction firms turnover, the bidding decision on any one project will ultimately have a significant effect on the firms long term performance. It is also generally accepted that the...

Persistent link: https://www.econbiz.de/10009437463

Identifying the determinants of construction innovation

Manley, Karen - 2006

This exploratory paper examines the drivers and obstacles to construction innovation. It is based on a large-scale survey of nearly 400 businesses in the Australian construction industry conducted in 2004, and twelve in-depth case studies of innovation on Australian construction projects between...

Persistent link: https://www.econbiz.de/10009437535

Effective Financial Incentive Mechanisms: An Australian Study

Rose, Timothy; Manley, Karen - 2007

The use of financial incentives in construction projects has been seen as a way to improve short term motivation, collaboration and reinforce long term commitment between project stakeholders. Yet, very little empirical research has been conducted into how financial incentives should be applied...

Persistent link: https://www.econbiz.de/10009437563

First and second Price Independent Values Sealed bid Procurement Auctions: Some Scalar Equilibrium Results

Skitmore, Martin - 2007

A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to construction contract tendering. Most of this, however, contains assumptions – such as perfect information – that are unlikely to be tenable in practice. The aim, therefore,...

Persistent link: https://www.econbiz.de/10009437646

A conceptual framework to investigate the optimisation of financial incentive mechanisms in construction projects

Rose, Timothy M.; Manley, Karen - 2005

Implementation of financial incentive mechanisms in the contractual arrangements of a construction project can impact significantly on the motivation of contractors and hence project performance. Positive incentives (as a component of the project delivery strategy) aim to motivate contractors to...

Persistent link: https://www.econbiz.de/10009437675

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