Game analysis on risk for project bidding

Abstract

Binding is the main standard for proprietor to get the ideal construction unit, and the quotation is the premise whether the construction unit will get the bid or earn money after getting the bid. But risks exist through the whole bidding process, and will make a big difference in the quotation or the bidding result. So bidder need to identify, evaluate and then make the corresponding measures about the risk in the project, further then make a reasonable quotation to get the bid. In view of the project characteristics, with the pricing model based on BQ, this article which stands on the side of the bidder, analyzed the risk on the whole process of the bidding with the view on Game. © 2012 Springer-Verlag.