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Unbalanced bidding models have largely ignored the risk aspect of item pricing. Many researchers have acknowledged that … related research has proposed an unbalanced bidding model that has likewise provided a measurement of the expected reward …
Persistent link: https://www.econbiz.de/10008674573
Much research effort to date has focused on the development and use of bidding models in optimizing contractors' bid … prices in competitive tendering environments. Unbalanced bidding models, in particular, have the objective of maximizing a … is shown here that these unbalanced bidding models have been unnecessarily complicated by incorporating consideration of …
Persistent link: https://www.econbiz.de/10005482505
Cost estimation is an important task in construction projects. Since various risk-factors affect the construction costs, the actual costs generally deviate from the estimated costs in a favourable or an adverse direction. Therefore, not only estimation of the costs but also an analysis of the...
Persistent link: https://www.econbiz.de/10008502929
Extract: Infrastructure is undoubtedly the least understood of the major asset classes in Australia. A tradition of public ownership and operation, its status as a public good and a lack of information about its investment characteristics in both public and private hands has contributed to...
Persistent link: https://www.econbiz.de/10009441672
Economic and social infrastructure provision presents a conundrum for urban planners, especially in high growth …
Persistent link: https://www.econbiz.de/10009441673
In economics, new growth theory suggests that knowledge creation and innovation are key drivers of growth. As a result, the ‘new economy’ is increasingly reliant upon the knowledge, skills, and abilities embodied in its workforce, also known as human capital, that facilitate the stimulation...
Persistent link: https://www.econbiz.de/10009467939
There has been much debate over the past few decades regarding the desirability of implementing an Australian high-speed rail (HSR) system along the nation’s eastern seaboard. The cost of building such infrastructure has meant that governments have been reluctant to pursue its development....
Persistent link: https://www.econbiz.de/10009475219
Transit properties in the USA have historically experienced loss of market share and low levels of farebox recovery. They resorted to service expansion to maximize subsidies. Experience suggests that: (a) fare increases have not had the desired effect; (b) fare reductions can boost ridership but...
Persistent link: https://www.econbiz.de/10009485615
Redevelopment of brownfield sites has become increasingly popular since the inception of voluntary cleanup programs in the early to mid 1990?s. Local governments have begun to offer incentives to private developers or land owners to offset costs associated with contamination and encourage the...
Persistent link: https://www.econbiz.de/10009485643
Efforts to accommodate increasing and dispersed demand for travel in the face of mounting traffic congestion, escalating construction costs, limited rights of way, and diminished air quality have caused planning agencies to adopt plans that would enhance transit choices. Faced with fiscal...
Persistent link: https://www.econbiz.de/10009485719