Which contractor selection methodology?

Which contractor selection methodology?

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Article ID: iaor19992150
Country: United Kingdom
Volume: 16
Issue: 3
Start Page Number: 153
End Page Number: 164
Publication Date: Jun 1998
Journal: International Journal of Project Management
Authors:
Keywords: statistics: multivariate, fuzzy sets
Abstract:

Industrial and academic awareness of the need for judicious construction contractor selection is increasing. Earlier investigations of this client procurement decision have more recently been expanded upon; particularly, by work conducted in the USA and UK. Other countries are now also addressing this issue and procurement research abounds. This paper complements that increased activity by presenting a review of contractor evaluation and selection modelling methodologies. These methodologies include: Bespoke approaches, Multi-attribute analysis, Multi-attribute utility theory, Cluster analysis, Multiple regression, Fuzzy set theory, and Multivariate discriminant analysis. The merits/demerits and previous/possible future applications of each methodology are discussed, and indications for future research given.

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