@article{ART001507503},
author={Ji, So Young and Lee, Sang Youb},
title={Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2010},
volume={20},
number={2},
pages={177-192}
TY - JOUR
AU - Ji, So Young
AU - Lee, Sang Youb
TI - Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects
JO - Korea Real Estate Review
PY - 2010
VL - 20
IS - 2
PB - korea real estate research institute
SP - 177
EP - 192
SN - 2092-5395
AB - Financial crisis and following depression of real estate market for last few years have caused a freeze on construction business in public housing industry, and only successful bidders for contract can maintain construction business. Therefore this paper explores key considering decision factors of participation for contract bidding for housing redevelopment and reconstruction business with contractor’s view to select the suitable project. This paper analyze the bidding data of all the domestic housing projects since 2004 by Binary Logistic Regression method and it also covers relevant study literature review. A dependent variable Y is a decision of participation for contract bidding, and Gross Floor Area(GFA), A Facility(AF), Ordinary Income(OI), Region(R), Member’s Cost(MC), Rental Ratio (RR), Interest Rate(IR) and Construction Period(CP) were used as independent variables for logistic model. Independent variable of OI, GFA, and IR can satisfy valid level (5%), and they have influence on participation decision for contract bidding in the order, and for negative coefficient, the lower value can result in the more positive decision for participation. AF is out of valid level, but it has high impact for decision, and also it proves that Seoul and/or other capital region have the more privilege regionally. The paper statistically proves that derived independent variables from study are critical decision factors for participation of contract bidding for redevelopment and reconstruction of housing business. However insufficient data from company A, compared with the number of variables need to be reviewed for next study together with environmental location and marketability for sales as decision factors.
KW - bid participation;decision making factor;re-development & re-construction project;logistic regression method
DO -
UR -
ER -
Ji, So Young and Lee, Sang Youb. (2010). Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects. Korea Real Estate Review, 20(2), 177-192.
Ji, So Young and Lee, Sang Youb. 2010, "Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects", Korea Real Estate Review, vol.20, no.2 pp.177-192.
Ji, So Young, Lee, Sang Youb "Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects" Korea Real Estate Review 20.2 pp.177-192 (2010) : 177.
Ji, So Young, Lee, Sang Youb. Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects. 2010; 20(2), 177-192.
Ji, So Young and Lee, Sang Youb. "Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects" Korea Real Estate Review 20, no.2 (2010) : 177-192.
Ji, So Young; Lee, Sang Youb. Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects. Korea Real Estate Review, 20(2), 177-192.
Ji, So Young; Lee, Sang Youb. Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects. Korea Real Estate Review. 2010; 20(2) 177-192.
Ji, So Young, Lee, Sang Youb. Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects. 2010; 20(2), 177-192.
Ji, So Young and Lee, Sang Youb. "Analysis of Decision Making Factor for Contractor's Bid Participation in Urban Re-Development and Re-Construction Projects" Korea Real Estate Review 20, no.2 (2010) : 177-192.
