Detecting unbalanced bids via an improved grading-based model

Afshar, A., & Amiri, H. (2010a). A min-max regret approach to unbalanced bidding in construction. KSCE Journal of Civil Engineering, 14(5), pp. 653–661. doi: 10.1007/s12205-010-0972-0.AfsharA.AmiriH.2010aA min-max regret approach to unbalanced bidding in constructionKSCE Journal of Civil Engineering14565366110.1007/s12205-010-0972-0Open DOISearch in Google Scholar

Afshar, A., & Amiri, H. (2010b). Risk-based approach to unbalanced bidding in construction projects. Engineering Optimization, 42(4), pp. 369–385. doi: 10.1080/03052150903220964.AfsharA.AmiriH.2010bRisk-based approach to unbalanced bidding in construction projectsEngineering Optimization42436938510.1080/03052150903220964Open DOISearch in Google Scholar

Ahmed, M. O., El-Adaway, I. H., Coatney, K. T., & Eid, M. S. (2016). Construction bidding and the winner’s curse: Game theory approach. Journal of Construction Engineering and Management, 142(2), 04015076. doi: 10.1061/(ASCE)CO.1943-7862.0001058.AhmedM. O.El-AdawayI. H.CoatneyK. T.EidM. S.2016Construction bidding and the winner’s curse: Game theory approachJournal of Construction Engineering and Management14220401507610.1061/(ASCE)CO.1943-7862.0001058Open DOISearch in Google Scholar

Amusan, L. M., Charles, A. K., Adeyemi, E., Joshua, O., & Raphael, O. A. (2018). Data on expert system-econometric entropy informatics model for adjudicating residential building project costs. Data in Brief, 20, pp. 1721–1729. doi: 10.1016/j.dib.2018.08.177.AmusanL. M.CharlesA. K.AdeyemiE.JoshuaO.RaphaelO. A.2018Data on expert system-econometric entropy informatics model for adjudicating residential building project costsData in Brief201721172910.1016/j.dib.2018.08.177Open DOISearch in Google Scholar

An, X., Li, H., Zuo, J., Ojuri, O., Wang, Z., & Ding, J. (2018). Identification and prevention of unbalanced bids using the unascertained model. Journal of Construction Engineering and Management, 144(11), 05018013. doi: 10.1061/(ASCE)CO.1943-7862.0001563.AnX.LiH.ZuoJ.OjuriO.WangZ.DingJ.2018Identification and prevention of unbalanced bids using the unascertained modelJournal of Construction Engineering and Management144110501801310.1061/(ASCE)CO.1943-7862.0001563Open DOISearch in Google Scholar

Arditi, D., & Chotibhongs, R. (2009). Detection and prevention of unbalanced bids. Construction Management and Economics, 27(8), pp. 721–732. doi: 10.1080/01446190903117785.ArditiD.ChotibhongsR.2009Detection and prevention of unbalanced bidsConstruction Management and Economics27872173210.1080/01446190903117785Open DOISearch in Google Scholar

Aziz, R. F., & Aboelmagd, Y. M. (2019). Integration between different construction bidding models to improve profitability and reduce prices. Alexandria Engineering Journal, 58(1), pp. 151–162. doi: 10.1016/j.aej.2018.10.007.AzizR. F.AboelmagdY. M.2019Integration between different construction bidding models to improve profitability and reduce pricesAlexandria Engineering Journal58115116210.1016/j.aej.2018.10.007Open DOISearch in Google Scholar

Bajari, P., Houghton, S., & Tadelis, S. (2014). Bidding for incomplete contracts: An empirical analysis of adaptation costs. American Economic Review, 104(4), pp. 1288–1319. doi: 10.1257/aer.104.4.1288.BajariP.HoughtonS.TadelisS.2014Bidding for incomplete contracts: An empirical analysis of adaptation costsAmerican Economic Review10441288131910.1257/aer.104.4.1288Open DOISearch in Google Scholar

Bell, M. (1989). Unbalanced Bidding in Government Contracts. PhD thesis, George Washington University, Faculty of the National Law Center, Washington, DC.BellM.1989Unbalanced Bidding in Government ContractsPhD thesisGeorge Washington University, Faculty of the National Law CenterWashington, DCSearch in Google Scholar

Carty, G. J. (1995). Construction. Journal of Construction Engineering and Management, 121(3), pp. 319–328. doi: 10.1061/(ASCE)0733-9364(1995)121:3(319).CartyG. J.1995ConstructionJournal of Construction Engineering and Management121331932810.1061/(ASCE)0733-9364(1995)121:3(319)Open DOISearch in Google Scholar

Cattell, D. W. (2012). An overview of component unit pricing theory. Construction Management and Economics, 30(1), pp. 81–92. doi: 10.1080/01446193.2011.648948.CattellD. W.2012An overview of component unit pricing theoryConstruction Management and Economics301819210.1080/01446193.2011.648948Open DOISearch in Google Scholar

Cattell, D. W., Bowen, P. A., & Kaka, A. P. (2007). Review of unbalanced bidding models in construction. Journal of Construction Engineering and Management, 133(8), pp. 562–573. doi: 10.1061/(ASCE)0733-9364(2007)133:8(562).CattellD. W.BowenP. A.KakaA. P.2007Review of unbalanced bidding models in constructionJournal of Construction Engineering and Management133856257310.1061/(ASCE)0733-9364(2007)133:8(562)Open DOISearch in Google Scholar

Cattell, D. W., Bowen, P. A., & Kaka, A. P. (2008). A simplified unbalanced bidding model. Construction Management and Economics, 26(12), pp. 1283–1290. doi: 10.1080/01446190802570506.CattellD. W.BowenP. A.KakaA. P.2008A simplified unbalanced bidding modelConstruction Management and Economics26121283129010.1080/01446190802570506Open DOISearch in Google Scholar

Cattell, D. W., Bowen, P. A., & Kaka, A. P. (2010). The risks of unbalanced bidding. Construction Management and Economics, 28(4), pp. 333–344. doi: 10.1080/01446191003663264.CattellD. W.BowenP. A.KakaA. P.2010The risks of unbalanced biddingConstruction Management and Economics28433334410.1080/01446191003663264Open DOISearch in Google Scholar

Cattell, D. W., Bowen, P. A., & Kaka, A. P. (2011). Proposed framework for applying cumulative prospect theory to an unbalanced bidding model. Journal of Construction Engineering and Management, 137(12), pp. 1052–1059. doi: 10.1061/(ASCE)CO.1943-7862.0000367.CattellD. W.BowenP. A.KakaA. P.2011Proposed framework for applying cumulative prospect theory to an unbalanced bidding modelJournal of Construction Engineering and Management137121052105910.1061/(ASCE)CO.1943-7862.0000367Open DOISearch in Google Scholar

Christodoulou, S. E. (2008). A bid-unbalancing method for lowering a contractor’s financial risk. Construction Management and Economics, 26(12), pp. 1291–302. doi: 10.1080/01446190802596238.ChristodoulouS. E.2008A bid-unbalancing method for lowering a contractor’s financial riskConstruction Management and Economics2612129130210.1080/01446190802596238Open DOISearch in Google Scholar

Dikmen, I., Birgonul, M. T., & Gur, A. K. (2007). A case-based decision support tool for bid mark-up estimation of international construction projects. Automation in Construction, 17(1), pp. 30–44. doi: 10.1016/j.autcon.2007.02.009.DikmenI.BirgonulM. T.GurA. K.2007A case-based decision support tool for bid mark-up estimation of international construction projectsAutomation in Construction171304410.1016/j.autcon.2007.02.009Open DOISearch in Google Scholar

Gransberg, D. D., & Riemer, C. (2009). Impact of inaccurate engineer’s estimated quantities on unit price contracts. Journal of Construction Engineering and Management, 135(11), pp. 1138–1145. doi: 10.1061/(ASCE)CO.1943-7862.0000084.GransbergD. D.RiemerC.2009Impact of inaccurate engineer’s estimated quantities on unit price contractsJournal of Construction Engineering and Management135111138114510.1061/(ASCE)CO.1943-7862.0000084Open DOISearch in Google Scholar

Hoogenboom, J., Dale, W. S., & Martell, C. (2006). Risk analysis and optimization of the (un) balanced bid. AACE International Transactions, pp. 7.1–7.6.HoogenboomJ.DaleW. S.MartellC.2006Risk analysis and optimization of the (un) balanced bidAACE International Transactions7.17.6Search in Google Scholar

Hyari, K. H. (2016). Handling unbalanced bidding in construction projects: Prevention rather than detection. Journal of Construction Engineering and Management, 142(2), 04015060. doi: 10.1061/(ASCE)CO.1943-7862.0001045.HyariK. H.2016Handling unbalanced bidding in construction projects: Prevention rather than detectionJournal of Construction Engineering and Management14220401506010.1061/(ASCE)CO.1943-7862.0001045Open DOISearch in Google Scholar

Hyari, K. H. (2017). The controversy around unbalanced bidding in construction: Seeking a fair balance. Journal of Professional Issues in Engineering Education and Practice, 143(1), 04016015. doi: 10.1061/(ASCE)EI.1943-5541.0000300.HyariK. H.2017The controversy around unbalanced bidding in construction: Seeking a fair balanceJournal of Professional Issues in Engineering Education and Practice14310401601510.1061/(ASCE)EI.1943-5541.0000300Open DOISearch in Google Scholar

Hyari, K. H., Shatarat, N., & Khalafallah, A. (2017). Handling risks of quantity variations in unit-price contracts. Journal of Construction Engineering and Management, 143(10), 04017079.HyariK. H.ShataratN.KhalafallahA.2017Handling risks of quantity variations in unit-price contractsJournal of Construction Engineering and Management143100401707910.1061/(ASCE)CO.1943-7862.0001393Search in Google Scholar

Hyari, K. H., Tarawneh, Z. S., & Katkhuda, H. N. (2016). Detection model for unbalanced pricing in construction projects: A risk-based approach. Journal of Construction Engineering and Management, 142(12), 04016078. doi: 10.1061/(ASCE)CO.1943-7862.0001203.HyariK. H.TarawnehZ. S.KatkhudaH. N.2016Detection model for unbalanced pricing in construction projects: A risk-based approachJournal of Construction Engineering and Management142120401607810.1061/(ASCE)CO.1943-7862.0001203Open DOISearch in Google Scholar

Kenley, R. (2003). Financing Construction: Cash Flows and Cash Farming. Spon Press, New York.KenleyR.2003Financing Construction: Cash Flows and Cash FarmingSpon PressNew York10.4324/9780203467398Search in Google Scholar

Liu, X., Lin, L., & Zang, D. (2009). Stochastic programming models and hybrid intelligent algorithm for unbalanced bidding problem. Journal of Computing and Information Science in Engineering, 2(1), pp. 188–194. doi: 10.5539/cis.v2n1p188.LiuX.LinL.ZangD.2009Stochastic programming models and hybrid intelligent algorithm for unbalanced bidding problemJournal of Computing and Information Science in Engineering2118819410.5539/cis.v2n1p188Open DOISearch in Google Scholar

Mandell, S., & Nyström, J. (2011). Endogenous risk in unbalanced bidding. Proceedings of Management and Innovation for a Sustainable Built Environment, Delft University of Technology, Delft, Netherlands.MandellS.NyströmJ.2011Endogenous risk in unbalanced biddingProceedings of Management and Innovation for a Sustainable Built EnvironmentDelft University of TechnologyDelft, NetherlandsSearch in Google Scholar

Manzo, F., & Tell, S. (1997). Unbalanced bids and avoiding disputes relating to them. Chapter 7 of the 1997 Wiley Construction Law Update, Wiley, Hoboken, NJ.ManzoF.TellS.1997Unbalanced bids and avoiding disputes relating to themChapter 7 of the 1997 Wiley Construction Law UpdateWileyHoboken, NJSearch in Google Scholar

Nassar, K. (2004). Using spreadsheets to optimally unbalance a construction bid. Cost Engineering, 46(1), pp. 28–32.NassarK.2004Using spreadsheets to optimally unbalance a construction bidCost Engineering4612832Search in Google Scholar

Nikpour, B., Senouci, A., & Eldin, N. (2017). Detection tool for unbalanced bids. Open Journal of Civil Engineering, 7(3), pp. 409–422. doi: 10.4236/ojce.2017.73028.NikpourB.SenouciA.EldinN.2017Detection tool for unbalanced bidsOpen Journal of Civil Engineering7340942210.4236/ojce.2017.73028Open DOISearch in Google Scholar

Nyström, J. (2015). The balance of unbalanced bidding. Procedia Economics and Finance, 21, 97–103. doi: 10.1016/S2212-5671(15)00155-0.NyströmJ.2015The balance of unbalanced biddingProcedia Economics and Finance219710310.1016/S2212-5671(15)00155-0Open DOISearch in Google Scholar

Nyström, J., & Mandell, S. (2019). Skew to win, not to profit–unbalanced bidding among informed bidders. Journal of Public Procurement, 19(1), pp. 46–54. doi: 10.1108/JOPP-03-2019-024.NyströmJ.MandellS.2019Skew to win, not to profit–unbalanced bidding among informed biddersJournal of Public Procurement191465410.1108/JOPP-03-2019-024Open DOISearch in Google Scholar

Peterson, S. J. (2009). Construction Accounting and Financial Management. Pearson Education, Inc., New Jersey.PetersonS. J.2009Construction Accounting and Financial ManagementPearson Education, Inc.New JerseySearch in Google Scholar

Poage, W. S. (2000). The Building Professional’s Guide to Contract Documents, 3rd edn. RS Means, Kingston, MA.PoageW. S.2000The Building Professional’s Guide to Contract Documents3rd ednRS MeansKingston, MASearch in Google Scholar

Polat, G., Turkoglu, H., & Damci, A. (2019). A grading system-based model for detecting unbalanced bids during the tendering process. Periodica Polytechnica Architecture, 50(2), pp. 139–147. doi: 10.3311/PPar.12669.PolatG.TurkogluH.DamciA.2019A grading system-based model for detecting unbalanced bids during the tendering processPeriodica Polytechnica Architecture50213914710.3311/PPar.12669Open DOISearch in Google Scholar

Prajapati, R. R., & Bhavsar, J. J. (2017). Unit quantity contract as a mitigation of unbalanced bidding. Kalpa Publications in Civil Engineering, 1, pp. 157–162. doi: 10.1016/j.ijproman.2005.06.002.PrajapatiR. R.BhavsarJ. J.2017Unit quantity contract as a mitigation of unbalanced biddingKalpa Publications in Civil Engineering115716210.1016/j.ijproman.2005.06.002Open DOISearch in Google Scholar

Shrestha, P., Shrestha, K., & Joshi, V. (2012). Investigation of unbalanced bidding for economic sustainability. In: Proceedings of International Conference on Sustainable Design, Engineering, and Construction-ICSDEC 2012, Fort Worth, Texas, USA, pp. 609–616. doi: 10.1061/9780784412688.073.ShresthaP.ShresthaK.JoshiV.2012Investigation of unbalanced bidding for economic sustainabilityProceedings of International Conference on Sustainable Design, Engineering, and Construction-ICSDEC 2012Fort Worth, Texas, USA60961610.1061/9780784412688.073Open DOISearch in Google Scholar

Skitmore, M., & Cattell, D. (2013). On being balanced in an unbalanced world. Journal of the Operational Research Society, 64(1), pp. 138-146. doi: 10.1057/jors.2012.29.SkitmoreM.CattellD.2013On being balanced in an unbalanced worldJournal of the Operational Research Society64113814610.1057/jors.2012.29Open DOISearch in Google Scholar

Son, J., Mack, M., & Mattila, K. G. (2006). Nonlinear cash flow optimization model. Canadian Journal of Civil Engineering, 33(11), pp. 1450–1454. doi: 10.1139/l06-086.SonJ.MackM.MattilaK. G.2006Nonlinear cash flow optimization modelCanadian Journal of Civil Engineering33111450145410.1139/l06-086Open DOISearch in Google Scholar

Su, Y., & Lucko, G. (2015). Synthetic cash flow model with singularity functions for unbalanced bidding scenarios. Construction Management and Economics, 33(1), pp. 35–54. doi: 10.1080/01446193.2015.1012527.SuY.LuckoG.2015Synthetic cash flow model with singularity functions for unbalanced bidding scenariosConstruction Management and Economics331355410.1080/01446193.2015.1012527Open DOISearch in Google Scholar

Wang, W. (2004). Electronic-based procedure for managing unbalanced bids. Journal of Construction Engineering and Management, 130(3), pp. 455–460. doi: 10.1061/(ASCE)0733-9364(2004)130:3(455).WangW.2004Electronic-based procedure for managing unbalanced bidsJournal of Construction Engineering and Management130345546010.1061/(ASCE)0733-9364(2004)130:3(455)Open DOISearch in Google Scholar

Yin, Y. L., Qiao, L., & Li, B. (2010). Research on the owner’s tactics to unbalanced bid under the mode of Code of Valuation with Bill Quantity of construction works. In: 2010 IEEE 17Th International Conference on Industrial Engineering and Engineering Management, pp. 249–252. doi: 10.1109/ICIEEM.2010.5646655.YinY. L.QiaoL.LiB.2010Research on the owner’s tactics to unbalanced bid under the mode of Code of Valuation with Bill Quantity of construction works2010 IEEE 17Th International Conference on Industrial Engineering and Engineering Management24925210.1109/ICIEEM.2010.5646655Open DOISearch in Google Scholar

Yizhe, T., & Youjie, L. (1992). Unbalanced bidding on contracts with variation trends in client-provided quantities. Construction Management and Economics, 10(1), pp. 69–80. doi: 10.1080/01446199200000006.YizheT.YoujieL.1992Unbalanced bidding on contracts with variation trends in client-provided quantitiesConstruction Management and Economics101698010.1080/01446199200000006Open DOISearch in Google Scholar