Making a risk-based bid decision for overseas construction projects

S. H. Han, J. E. Diekmann

Research output: Contribution to journalArticle

45 Citations (Scopus)

Abstract

The globalization of international construction markets provides tremendous opportunities for contractors to expand into new foreign markets. However, entry decisions for international construction markets are very risky and more difficult than those for domestic markets, due to the wide variety of uncertainties and complexities associated with the international construction domain. This paper focuses on developing and testing a 'risk-based go/no-go decision-making model' for contractors who wish to expand into international construction markets. The go/no-go decision model applies the cross-impact analysis (CIA) method to assess the various uncertainties associated with international construction. This research draws significant findings regarding the benefits of this go/no-go decision model from experimental studies involving 56 participants.

Original languageEnglish
Pages (from-to)765-776
Number of pages12
JournalConstruction Management and Economics
Volume19
Issue number8
DOIs
Publication statusPublished - 2001 Dec 1

Fingerprint

Contractors
Decision making
International construction
Bid
Construction project
Testing
Uncertainty
Decision model
Decision-making model
Domestic market
Experimental study
Globalization
Impact analysis

All Science Journal Classification (ASJC) codes

  • Management Information Systems
  • Building and Construction
  • Industrial and Manufacturing Engineering

Cite this

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Making a risk-based bid decision for overseas construction projects. / Han, S. H.; Diekmann, J. E.

In: Construction Management and Economics, Vol. 19, No. 8, 01.12.2001, p. 765-776.

Research output: Contribution to journalArticle

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