A support vector machine model for contractor prequalification
- 31 May 2009
- journal article
- Published by Elsevier BV in Automation in Construction
- Vol. 18 (3), 321-329
- https://doi.org/10.1016/j.autcon.2008.09.007
Abstract
In complex and high value projects, prequalification is crucial for both contractors and clients, as it targets towards best value delivery through qualification safeguards and streamlined competition among potential candidates. Due the complex nature of the procurement problems such as prequalification exercises, the robust models are rarely attempted. The research reported in this paper presents an overview of potential suitability of Support Vector Machine (SVM) method for contractor/consultant prequalification transactions in the construction project procurements. Furthermore, the performance of SVM is compared with specific artificial neural network outcomes. The results obtained from practical datasets indicate encouraging potentials for SVM applications in the procurement problems such as prequalification and contractor selection. Hence, a SVM-based decision support framework is proposed.Keywords
This publication has 47 references indexed in Scilit:
- A study of Taiwan's issuer credit rating systems using support vector machinesExpert Systems with Applications, 2005
- Financial time series forecasting using support vector machinesNeurocomputing, 2003
- Automating hierarchical document classification for construction management information systemsAutomation in Construction, 2003
- Application of support vector machines in financial time series forecastingOmega, 2001
- EQUAL: a case-based contractor prequalifierAutomation in Construction, 2001
- A needs-based methodology for classifying construction clients and selecting contractorsConstruction Management and Economics, 1998
- Assessment and evaluation of contractor data against client goals using PERT approachConstruction Management and Economics, 1997
- Criteria for contractor selectionConstruction Management and Economics, 1997
- Model for assessing building contractors' project performanceEngineering, Construction and Architectural Management, 1996
- Contractor selection: qualification and bid evaluationCanadian Journal of Civil Engineering, 1996