Economic Theory and the Construction Industry pp 161-172 | Cite as
Price Determination for a Single Project
Chapter
Abstract
In the construction industry, price is determined for large indivisible amounts of work, each one of which may represent a large proportion of the work load of the contractor or of that part of his organisation operating in a particular market. The most usual form of price determination is some form of competitive tendering, but negotiation is important and the whole process is complicated by the wide range of non-traditional processes (see Chapter 8).
Keywords
Construction Industry Cost Curve Price Determination Order Book Contractual Arrangement
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© Patricia M. Hillebrandt 2000