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Neo-classical micro-economics as an analytical tool of construction price determination

Runeson, G.

Neo-classical micro-economics as an analytical tool of construction price determination - 1998 - Journal of Construction Procurement 4(2) November 1998, 116-131(32) .

Examines the history of discussions of construction price determination and outlines the mainstream economic model of price determination in the context of construction projects. Answers the arguments against its application and assesses its performance in areas where tendering theory fails. References.

Subjects--Topical Terms:
CONSTRUCTION ECONOMICS
CONSTRUCTION PRICES
PRICE DETERMINATION
TENDERING THEORY
TENDERING

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