@inproceedings{eddf2b1d36784a5a8d88c66a953eb108,
title = "Bid-price determination considering cash-flow effects",
abstract = "Appropriate decision of bid price of a construction project is crucial for a bidder in winning the contract of the project with a reasonable profit. This work proposes a new procedure for determining a reasonable bid price. The proposed procedure is developed based on a cost model and a multi-criteria evaluation model. The cost model (considering the effect of cash flows on project costs) is used to generate a cumulative distribution of bid price of the project, while the multi-criteria evaluation model is applied to reflect the bidder's preferences regarding the determination criteria. The details of the procedure are demonstrated by applying the procedure to a construction project in Taiwan. The application results display that the proposed procedure can support bidders in bid-price assessment.",
keywords = "Bidding, Cash flow, Fuzzy integral, Project cost, Simulation",
author = "Wei-Chih Wang and Lin, {C. L.} and Lu, {Y. H.}",
year = "2005",
month = aug,
language = "English",
isbn = "1905088000",
series = "Proceedings of the 10th International Conference on Civil, Structural and Environmental Engineering Computing, Civil-Comp 2005",
booktitle = "Proceedings of the 10th International Conference on Civil, Structural and Environmental Engineering Computing, Civil-Comp 2005",
note = "10th International Conference on Civil, Structural and Environmental Engineering Computing, Civil-Comp 2005 ; Conference date: 30-08-2005 Through 02-09-2005",
}