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Research on Dynamic Game between Owner and Contractor in the Bidding Process of the Construction Project
- Source :
- ICEE
- Publication Year :
- 2010
- Publisher :
- IEEE, 2010.
-
Abstract
- In this paper, firstly we establish the dynamic game model between owner and contractor in the bidding process of the construction project. Then we make analysis of the 24 situations when owner and contractor take different behaviors and demonstrate their payment function separately under different situation. Finally we make suggestions on what kind of strategy should the owner take in order to avoid the contractor submitting a low price malignantly and make sure the contractor performance better after the acceptance of the bid.
- Subjects :
- Finance
Operations research
Sequential game
Integrated project delivery
business.industry
media_common.quotation_subject
ComputerApplications_COMPUTERSINOTHERSYSTEMS
ComputingMilieux_LEGALASPECTSOFCOMPUTING
Bidding
Payment
Change order
Order (business)
Business
Project management
Game theory
media_common
Subjects
Details
- Database :
- OpenAIRE
- Journal :
- 2010 International Conference on E-Business and E-Government
- Accession number :
- edsair.doi...........a7ba003d743308704f4b55e7a6026885