Lump Sum and Unit Price Construction Contracts for a Contractor and an Owner: Profit and Cost Lotteries, Cost Uncertainty, and Utility-Based Risk Evaluation with Subcontracting and New Technology

Lump Sum and Unit Price Construction Contracts for a Contractor and an Owner: Profit and Cost Lotteries, Cost Uncertainty, and Utility-Based Risk Evaluation with Subcontracting and New Technology

Authors

Publication Details

Journal
Open MIND
Published
2026-04-01
DOI
https://doi.org/10.7302/28896
Primary Topic
Auction Theory and Applications
Type
article
Field-Weighted Citation Impact
0.00
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article

Lump Sum and Unit Price Construction Contracts for a Contractor and an Owner: Profit and Cost Lotteries, Cost Uncertainty, and Utility-Based Risk Evaluation with Subcontracting and New Technology

Photios G. Ioannou
Open MIND
Auction Theory and Applications
article

Lump Sum and Unit Price Construction Contracts for a Contractor and an Owner: Profit and Cost Lotteries, Cost Uncertainty, and Utility-Based Risk Evaluation with Subcontracting and New Technology

Photios G. Ioannou
article en

Abstract

Lump Sum and Unit Price Construction Contracts for a Contractor and an Owner: Profit and Cost Lotteries, Cost Uncertainty, and Utility-Based Risk Evaluation with Subcontracting and New Technology

Open MIND
Openalex Percentile: Top 6%
Auction Theory and Applications
DOIOpen Access PDFOpenAlex
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