Abstract

A number of multicriteria decisions must be made during construction investment processes. A number of support systems for multicriteria tasks of construction investment processes are available. A part of them is reviewed in this article. Effectiveness of the construction investment process is greatly influenced by an appropriate formulation of a construction contraction agreement (CCA). In order to formulate the effective contraction agreements, multicriteria techniques for evaluating and comparing CCAs must be created. Besides technical, organisational and economic aspects of construction, legal aspects of a CCA must be also analysed in order to prepare such techniques. Therefore, legal decision making systems are also reviewed in the article. A conclusion can be made from the review that legal decision making systems for CCAs are not available currently. One of the main tasks in the creation of multicriteria support systems is the formation of a multicriteria indicator system. Three models of multicriteria indicator systems of CCAs are analysed in the article, and the best model for creating multicriteria evaluation technique is determined. On the basis of this model, significance of indicators should be determined and a multicriteria decision support system should be created in further research stages.

Highlights

  • Construction is a complicated process with a number of stages, which must be appropriately adjusted and managed

  • The model is based on determining of criteria which define construction materials and goods, on importance of the criteria and on application of multicriteria evaluation methods

  • In order to create a multicriteria evaluation technique for contraction agreement (CCA), it is a must to make a system of indicators characterising CCAs, to determine importance of the indicators and to select and adjust appropriate multicriteria evaluation methods

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Summary

Introduction

Construction is a complicated process with a number of stages, which must be appropriately adjusted and managed. The model is based on determining of criteria which define construction materials and goods, on importance of the criteria and on application of multicriteria evaluation methods. A pilot internet decision support system for trading in construction materials was created on the basis of the model suggested by the authors. Most of the above-mentioned authors solve different issues related to construction investment process Such an important question as evaluation of CCAs remains unanalysed or almost unanalysed. In order to create a multicriteria evaluation technique for CCAs, it is a must to make a system of indicators characterising CCAs, to determine importance of the indicators and to select and adjust appropriate multicriteria evaluation methods. The system of CCA provisions is analysed in this article, contract provisions which may be considered indicators of CCAs are determined and models of CCA indicator systems are created

Legal decision support systems
The system of provisions in construction contraction agreements
Findings
Conclusions
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