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Pricing and Construction Contract Type Selection Model

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Modern Building Materials, Structures and Techniques (MBMST 2023)

Part of the book series: Lecture Notes in Civil Engineering ((LNCE,volume 392))

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Abstract

Choosing the pricing of a construction project and the type of construction contract from the perspective of customers is a responsible and complex process. The success of a construction project depends on the correct decisions taken in the preparation of tender documents. This process is complex, and the most mistakes are made in this phase. Disputes between customers and contractors arise during the implementation of a contract, which can have a significant impact on the success of the project. There have been a number of studies on the choice of construction project costs from the point of view of contractors when submitting commercial bids. The main objective of this study is to propose a mathematical model from the point of view of customer, and an online tool for the pricing of a construction project and for the selection of the type of construction contract. The paper analyses scientific sources, presents the algorithm of the mathematical model, the application of the mathematical model in a real construction project, draws conclusions and makes recommendations on the appropriate pricing and type of construction contract.

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Authors and Affiliations

  1. Department of Construction Management and Real Estate, Vilnius Gediminas Technical University, Saulėtekio Al. 11, 10223, Vilnius, Lithuania

    Arvydas Vilkonis, Jurgita Antuchevičienė & Vladislavas Kutut

Authors
  1. Arvydas Vilkonis
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  2. Jurgita Antuchevičienė
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  3. Vladislavas Kutut
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Corresponding author

Correspondence to Jurgita Antuchevičienė .

Editor information

Editors and Affiliations

  1. Department of Civil Engineering, Institute for Sustainability and Innovation in Structural Engineering, Guimarães, Portugal

    Joaquim A. O. Barros

  2. Department of Reinforced Concrete Structures and Geotechnics, Vilnius Gediminas Technical University, Vilnius, Lithuania

    Gintaris Kaklauskas

  3. Laboratory of Operational Research, Vilnius Gediminas Technical University, Vilnius, Lithuania

    Edmundas K. Zavadskas

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Vilkonis, A., Antuchevičienė, J., Kutut, V. (2024). Pricing and Construction Contract Type Selection Model. In: Barros, J.A.O., Kaklauskas, G., Zavadskas, E.K. (eds) Modern Building Materials, Structures and Techniques. MBMST 2023. Lecture Notes in Civil Engineering, vol 392. Springer, Cham. https://doi.org/10.1007/978-3-031-44603-0_52

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  • DOI: https://doi.org/10.1007/978-3-031-44603-0_52

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-44602-3

  • Online ISBN: 978-3-031-44603-0

  • eBook Packages: EngineeringEngineering (R0)

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