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Article: Contractor selection criteria: A cost-benefit analysis

TitleContractor selection criteria: A cost-benefit analysis
Authors
KeywordsContractor selection
Cost-benefit analysis
Criteria
Postal questionnaire survey
Prequalification
Issue Date2001
PublisherIEEE.
Citation
Ieee Transactions On Engineering Management, 2001, v. 48 n. 1, p. 96-106 How to Cite?
AbstractThis 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 Identifierhttp://hdl.handle.net/10722/42645
ISSN
2015 Impact Factor: 1.454
2015 SCImago Journal Rankings: 1.091
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorNg, STen_HK
dc.contributor.authorMartin Skitmore, Ren_HK
dc.date.accessioned2007-03-23T04:28:43Z-
dc.date.available2007-03-23T04:28:43Z-
dc.date.issued2001en_HK
dc.identifier.citationIeee Transactions On Engineering Management, 2001, v. 48 n. 1, p. 96-106en_HK
dc.identifier.issn0018-9391en_HK
dc.identifier.urihttp://hdl.handle.net/10722/42645-
dc.description.abstractThis 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.extent289407 bytes-
dc.format.extent25088 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/msword-
dc.languageengen_HK
dc.publisherIEEE.en_HK
dc.relation.ispartofIEEE Transactions on Engineering Managementen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
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.en_HK
dc.subjectContractor selectionen_HK
dc.subjectCost-benefit analysisen_HK
dc.subjectCriteriaen_HK
dc.subjectPostal questionnaire surveyen_HK
dc.subjectPrequalificationen_HK
dc.titleContractor selection criteria: A cost-benefit analysisen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://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+analysisen_HK
dc.identifier.emailNg, ST:tstng@hkucc.hku.hken_HK
dc.identifier.authorityNg, ST=rp00158en_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1109/17.913169en_HK
dc.identifier.scopuseid_2-s2.0-0035245579en_HK
dc.identifier.hkuros56404-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035245579&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume48en_HK
dc.identifier.issue1en_HK
dc.identifier.spage96en_HK
dc.identifier.epage106en_HK
dc.identifier.isiWOS:000167742900008-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridNg, ST=7403358853en_HK
dc.identifier.scopusauthoridMartin Skitmore, R=15018939400en_HK

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