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Published in:
2000 | OriginalPaper | Chapter
Price Determination for a Single Project
Author : Patricia M. Hillebrandt
Published in: Economic Theory and the Construction Industry
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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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).