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Price Determination for a Single Project

In: Economic Theory and the Construction Industry

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  • Patricia M. Hillebrandt

Abstract

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).

Suggested Citation

  • Patricia M. Hillebrandt, 2000. "Price Determination for a Single Project," Palgrave Macmillan Books, in: Economic Theory and the Construction Industry, edition 0, chapter 14, pages 161-172, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37248-1_14
    DOI: 10.1057/9780230372481_14
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