2007
DOI: 10.1590/s0104-530x2007000300002
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On the amount and timing of project payments with hints to customary contracting in Germany

Abstract: A huge number of publications deal with project scheduling and very often the objective is to minimize the makespan. We claim that in the real world money counts. Therefore, we review how project payments can be defined in practice. The issues of contracting and bidding are discussed to demonstrate that a whole universe of specific model formulations would be needed to cover real situations.

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Cited by 3 publications
(1 citation statement)
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“…The construction industry players are faced with the dilemma of bidding under competitive environment where the bid must be low enough to win the contract and high enough to attain the expected profit margin (Kimms, 2007). In coping with the situation, the contractor will normally ensure that appropriate cost estimate is determined with adequate mark up.…”
Section: Introductionmentioning
confidence: 99%
“…The construction industry players are faced with the dilemma of bidding under competitive environment where the bid must be low enough to win the contract and high enough to attain the expected profit margin (Kimms, 2007). In coping with the situation, the contractor will normally ensure that appropriate cost estimate is determined with adequate mark up.…”
Section: Introductionmentioning
confidence: 99%