A Multi-Agent System of Project Bidding Management Simulation

TL;DR

This paper introduces a multi-agent system simulation model to analyze construction project bidding strategies, evaluating their impact on quality, time, and cost from the general contractors' perspective.

Contribution

It develops a MAS-based simulation framework specifically for construction bidding management, testing its effectiveness in studying strategic decision-making.

Findings

MAS effectively models bidding strategies

Strategies impact project quality, time, and cost

Simulation results inform better bidding decisions

Abstract

This paper presents a simulation model based on the general framework of Multi-Agent System (MAS) that can be used to investigate construction project bidding process. Specifically, it can be used to investigate different strategies in project bidding management from the general contractors' perspective. The effectiveness of the studied management strategies is evaluated by the quality, time and cost of bidding activities. As an implementation of MAS theory, this work is expected to test the suitability of MAS in studying construction management related problems.