Differences in bidding strategies |
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Institution: | 1. Texas A & M University, Commerce, United States;2. Athabasca University, Canada;3. Southern Alberta Institute of Technology, Calgary, Canada;4. University of Calgary, Canada;1. Department of Electrical Engineering, Shahid Bahonar University of Kerman, Kerman, Iran;2. School of Technology and Innovations, University of Vaasa, 65200, Vaasa, Finland;3. Department of Management & Innovation Systems, University of Salerno, Fisciano, Italy;4. Department of Electrical Engineering, University of Bonab, Bonab, Iran;5. Department of Energy Technology, Aalborg University, 9220 Aalborg East, Denmark;6. Faculty of Engineering of the University of Porto and INESC TEC, 4200-465, Porto, Portugal |
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Abstract: | Methodological understanding is increased and the appreciation of discernible competitive bidding strategies widened by investigating the problems of two construction companies, one being a kitchen equipment manufacturer and the other a civil engineering contractor. Detailed strategies are estimated for the former but not for the latter, due primarily to the greater uncertainty in cost estimates for civil engineering contracts producing larger variability in outcomes. |
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