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Article: Contractor selection criteria: A cost-benefit analysis
Title | Contractor selection criteria: A cost-benefit analysis |
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Authors | |
Keywords | Contractor selection Cost-benefit analysis Criteria Postal questionnaire survey Prequalification |
Issue Date | 2001 |
Publisher | IEEE. |
Citation | Ieee Transactions On Engineering Management, 2001, v. 48 n. 1, p. 96-106 How to Cite? |
Abstract | This paper describes an empirical study aimed at ranking prequalification criteria on the basis of perceived total cost-benefit to stakeholders. A postal questionnaire was distributed to 100 client and contractor organizations in Australia in 1997. Forty-eight responses were analyzed for scores on 38 categories of contractor information in terms of "value to client," "contractor costs," "client costs," and "value for money." The client and contractor responses for "value to client" and "client costs" of processing were found to be homogeneous. Those for "contractor costs" and "value for money" differed significantly between the clients and the contractors. A simple linear regression analysis was used to model the responses, and an index of cost-benefit was derived for each of the categories. This was found to be superior to all of the nonlinear alternatives examined. The model was also found to have greater intuitive value than the equivalent raw "value for money" responses. |
Persistent Identifier | http://hdl.handle.net/10722/42645 |
ISSN | 2023 Impact Factor: 4.6 2023 SCImago Journal Rankings: 1.201 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ng, ST | en_HK |
dc.contributor.author | Martin Skitmore, R | en_HK |
dc.date.accessioned | 2007-03-23T04:28:43Z | - |
dc.date.available | 2007-03-23T04:28:43Z | - |
dc.date.issued | 2001 | en_HK |
dc.identifier.citation | Ieee Transactions On Engineering Management, 2001, v. 48 n. 1, p. 96-106 | en_HK |
dc.identifier.issn | 0018-9391 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/42645 | - |
dc.description.abstract | This paper describes an empirical study aimed at ranking prequalification criteria on the basis of perceived total cost-benefit to stakeholders. A postal questionnaire was distributed to 100 client and contractor organizations in Australia in 1997. Forty-eight responses were analyzed for scores on 38 categories of contractor information in terms of "value to client," "contractor costs," "client costs," and "value for money." The client and contractor responses for "value to client" and "client costs" of processing were found to be homogeneous. Those for "contractor costs" and "value for money" differed significantly between the clients and the contractors. A simple linear regression analysis was used to model the responses, and an index of cost-benefit was derived for each of the categories. This was found to be superior to all of the nonlinear alternatives examined. The model was also found to have greater intuitive value than the equivalent raw "value for money" responses. | en_HK |
dc.format.extent | 289407 bytes | - |
dc.format.extent | 25088 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/msword | - |
dc.language | eng | en_HK |
dc.publisher | IEEE. | en_HK |
dc.relation.ispartof | IEEE Transactions on Engineering Management | en_HK |
dc.rights | ©2001 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE. | - |
dc.subject | Contractor selection | en_HK |
dc.subject | Cost-benefit analysis | en_HK |
dc.subject | Criteria | en_HK |
dc.subject | Postal questionnaire survey | en_HK |
dc.subject | Prequalification | en_HK |
dc.title | Contractor selection criteria: A cost-benefit analysis | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0018-9391&volume=48&issue=1&spage=96&epage=106&date=2001&atitle=Contractor+selection+criteria:+a+cost-benefit+analysis | en_HK |
dc.identifier.email | Ng, ST:tstng@hkucc.hku.hk | en_HK |
dc.identifier.authority | Ng, ST=rp00158 | en_HK |
dc.description.nature | published_or_final_version | en_HK |
dc.identifier.doi | 10.1109/17.913169 | en_HK |
dc.identifier.scopus | eid_2-s2.0-0035245579 | en_HK |
dc.identifier.hkuros | 56404 | - |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0035245579&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 48 | en_HK |
dc.identifier.issue | 1 | en_HK |
dc.identifier.spage | 96 | en_HK |
dc.identifier.epage | 106 | en_HK |
dc.identifier.isi | WOS:000167742900008 | - |
dc.publisher.place | United States | en_HK |
dc.identifier.scopusauthorid | Ng, ST=7403358853 | en_HK |
dc.identifier.scopusauthorid | Martin Skitmore, R=15018939400 | en_HK |
dc.identifier.issnl | 0018-9391 | - |