الفهرس | Only 14 pages are availabe for public view |
Abstract The profit ratio is important for any construction project. There is a high need to determine the profit ratio in the tendering stage. This research investigates the factors affecting the determination of the profit ratio in the tendering stage for Egyptian construction projects. The effects of the characteristics of the project, contractor, owner, tender, and external conditions on the profit ratio were studied to determine the significant factors affecting the determination of the profit ratio. A questionnaire was designed to determine the importance of 35 factors affecting the profit ratio and 267 responses were analyzed. The results indicated that most companies did not rely on any equations or analyses to determine the profit ratio for construction projects in Egypt. Employing the Relative Importance Index (RII), the most important factors for profit ratio determination were economic stability, cash flow, degree of difficulty, size of the contract, and type of contract. The least important factors for profit ratio determination were delay penalties, safety rules, and the experience of the client. Pareto analysis was employed, and the 35 factors influencing the profit ratio were reduced to 12 significant factors. A second questionnaire was designed to identify the profit ratio for construction projects and responses were analyzed. An Artificial Neural Network (ANN) model was developed to determine the profit ratio. Validation tests were conducted using six construction projects in Egypt. The absolute differences between the proposed and predicted profit rates are 0.043 of the proposed profit ratio. This model will help to determine the profit ratio easily. The contractor will be able to determine the profit ratio which can reduce the risk of calculated price, so this will be helpful as a contractor guide. Keywords: Profit; Markup; Margin size; Tendering; and Artificial Neural Network modeling. |