The full text of this article:

Evaluating web-based bidding in construction: using simulation as an evaluation tool
by Dolphy M. Abraham, Cesar Fuentes, Dulcy M. Abraham
International Journal of Electronic Business (IJEB), Vol. 2, No. 2, 2004
Abstract: E-business approaches have the potential to reduce costs of operations, speed up the business process and affect industries as a whole. However, the construction industry has not paid as much attention to using e-business approaches. Part of the reason behind this lack of interest is the substantial investments required in information technology (IT) to enable e-business processes and the lack of evidence that this type of investment pays off. This paper reviews methods to evaluate IT investments in the construction industry, summarising and discussing their limitations. A case study is presented, describing how simulation is used to compare the impact of the web-based bidding tool (WBBT) with respect to a traditional approach to bidding. The results emerging from this study suggests further study in the evaluation of e-business approaches in the construction industry.

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