Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects
Deciding whether bid for the construction project is classic risk-based decision-making that is crucial to the survival and prosperousness of construction companies. More contractors are adopting group bidding decision-making to reduce the number of incorrect decisions. However, previous related stu...
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| Format: | Article |
| Language: | English |
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Wiley
2018-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2018/3690302 |
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| _version_ | 1832548402877956096 |
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| author | Peng Yan Junying Liu Martin Skitmore |
| author_facet | Peng Yan Junying Liu Martin Skitmore |
| author_sort | Peng Yan |
| collection | DOAJ |
| description | Deciding whether bid for the construction project is classic risk-based decision-making that is crucial to the survival and prosperousness of construction companies. More contractors are adopting group bidding decision-making to reduce the number of incorrect decisions. However, previous related studies mainly focus on project factors that overlook the members of bidding groups and the interaction between bidding group members. The aim of this paper, therefore, is to investigate the potential factors that influence group bidding decision-making for construction projects. Twenty factors relating to individual, group, and organizational levels are identified through a literature review and interviews with experienced practitioners. A questionnaire survey of 203 Chinese international contractors is conducted to obtain the importance of the factors involved. The results of the ranking analysis indicate 14 critical factors, among which “risk perception” and “team decision preference” are regarded as the two most significant. Moreover, 20 factors can be classified into five groupings: (1) values and strategic goals, (2) collaboration and learning orientation, (3) consensus reaching, (4) risk awareness, and (5) empowerment and development, with risk awareness having an especially strong influence. This research deepens the understanding of factors belonging to different organizational levels that need to be highlighted during the group bidding decision-making process and provides strategies for bidding groups and their companies to improve their decision performance. |
| format | Article |
| id | doaj-art-78c62cfd4c5a4f05bd2f7cd819bae5b9 |
| institution | Kabale University |
| issn | 1687-8086 1687-8094 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-78c62cfd4c5a4f05bd2f7cd819bae5b92025-02-03T06:14:06ZengWileyAdvances in Civil Engineering1687-80861687-80942018-01-01201810.1155/2018/36903023690302Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction ProjectsPeng Yan0Junying Liu1Martin Skitmore2Department of Construction Management, College of Management and Economics, Tianjin University, 92 Weijin Road, Tianjin, ChinaDepartment of Construction Management, College of Management and Economics, Tianjin University, 92 Weijin Road, Tianjin, ChinaSchool of Civil Engineering and Built Environment, Queensland University of Technology (QUT), Garden Point Campus, 2 George St., Brisbane, QLD 4000, AustraliaDeciding whether bid for the construction project is classic risk-based decision-making that is crucial to the survival and prosperousness of construction companies. More contractors are adopting group bidding decision-making to reduce the number of incorrect decisions. However, previous related studies mainly focus on project factors that overlook the members of bidding groups and the interaction between bidding group members. The aim of this paper, therefore, is to investigate the potential factors that influence group bidding decision-making for construction projects. Twenty factors relating to individual, group, and organizational levels are identified through a literature review and interviews with experienced practitioners. A questionnaire survey of 203 Chinese international contractors is conducted to obtain the importance of the factors involved. The results of the ranking analysis indicate 14 critical factors, among which “risk perception” and “team decision preference” are regarded as the two most significant. Moreover, 20 factors can be classified into five groupings: (1) values and strategic goals, (2) collaboration and learning orientation, (3) consensus reaching, (4) risk awareness, and (5) empowerment and development, with risk awareness having an especially strong influence. This research deepens the understanding of factors belonging to different organizational levels that need to be highlighted during the group bidding decision-making process and provides strategies for bidding groups and their companies to improve their decision performance.http://dx.doi.org/10.1155/2018/3690302 |
| spellingShingle | Peng Yan Junying Liu Martin Skitmore Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects Advances in Civil Engineering |
| title | Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects |
| title_full | Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects |
| title_fullStr | Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects |
| title_full_unstemmed | Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects |
| title_short | Individual, Group, and Organizational Factors Affecting Group Bidding Decisions for Construction Projects |
| title_sort | individual group and organizational factors affecting group bidding decisions for construction projects |
| url | http://dx.doi.org/10.1155/2018/3690302 |
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