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Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects

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  • Ru Liang
  • Zhaohan Sheng
  • Xiangyu Wang

Abstract

The magnitude of business dynamics has increased rapidly due to increased complexity, uncertainty, and risk of large-scale infrastructure projects. This fact made it increasingly tough to “go alone” into a contractor. As a consequence, joint venture contractors with diverse strengths and weaknesses cooperatively bid for bidding. Understanding project complexity and making decision on the optimal joint venture contractor is challenging. This paper is to study how to select joint venture contractors for undertaking large-scale infrastructure projects based on a multiattribute mathematical model. Two different methods are developed to solve the problem. One is based on ideal points and the other one is based on balanced ideal advantages. Both of the two methods consider individual difference in expert judgment and contractor attributes. A case study of Hong Kong-Zhuhai-Macao-Bridge (HZMB) project in China is used to demonstrate how to apply these two methods and their advantages.

Suggested Citation

  • Ru Liang & Zhaohan Sheng & Xiangyu Wang, 2018. "Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects," Complexity, Hindawi, vol. 2018, pages 1-14, January.
    • Handle: RePEc:hin:complx:8705134
    DOI: 10.1155/2018/8705134
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    References listed on IDEAS

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    1. Yongcheng Fu & Yongqiang Chen & Shuibo Zhang & Wenqian Wang, 2015. "Promoting cooperation in construction projects: an integrated approach of contractual incentive and trust," Construction Management and Economics, Taylor & Francis Journals, vol. 33(8), pages 653-670, August.
    2. Patrick Sik-Wah Fong & Sonia Kit-Yung Choi, 2000. "Final contractor selection using the analytical hierarchy process," Construction Management and Economics, Taylor & Francis Journals, vol. 18(5), pages 547-557.
    3. Wu Gao & Kairong Hong, 2017. "The Portfolio Balanced Risk Index Model and Analysis of Examples of Large-Scale Infrastructure Project," Complexity, Hindawi, vol. 2017, pages 1-13, May.
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