Price stability and the business cycle: UK construction bidding patterns 1970-91
Rawlinson, S.
Price stability and the business cycle: UK construction bidding patterns 1970-91 - 1997 - Construction Management & Economics 15(1) January 1997, 5-18(14) .
Discusses the issue of competitive pricing and strategic management in the construction industry. Shows through an analysis of tender patterns between 1970-91 how a market-generated `going rate` is established. Concludes that price levels respond relatively quickly to changing economic conditions. References.
BUILT ENVIRONMENT-BUILDING COSTS
CONSTRUCTION MARKET
PRICING BEHAVIOUR
RISK
TENDERING
Price stability and the business cycle: UK construction bidding patterns 1970-91 - 1997 - Construction Management & Economics 15(1) January 1997, 5-18(14) .
Discusses the issue of competitive pricing and strategic management in the construction industry. Shows through an analysis of tender patterns between 1970-91 how a market-generated `going rate` is established. Concludes that price levels respond relatively quickly to changing economic conditions. References.
BUILT ENVIRONMENT-BUILDING COSTS
CONSTRUCTION MARKET
PRICING BEHAVIOUR
RISK
TENDERING