Abstract

The essential task of prequalifying contractors most often involves a large number of firms, each being represented by many disparate dimensions. Therefore, to effectively perform prequalification normally requires an inordinate amount of resource commitment by the construction owner. The statistical technique of cluster analysis (CA) could aid this decision process by classifying contractors into groups of like nature or common characteristics/ability. Further, the technique can identify the most discriminating criteria involved in achieving such classification and, thereby, help avoid subjective rejection of “good” firms, when large numbers of contractors are being considered. Example applications of the CA method are presented, in a construction contractor prequalification scenario.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.