vault backup: 2025-10-13 07:19:08
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@@ -12,8 +12,10 @@ title: Bid Process Strategy
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# Bid Process Strategy
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This note is intended to describe
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[[strategy#Auction Theory]]
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...
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particularly [[strategy#Auction Theory]],
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which specifically addresses the competitive bid format
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typical of construction project award.
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**Executives** inform **Risk Tolerance**,
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**Risk Tolerance** informs **Minimum Estimate Certainty**
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@@ -67,3 +67,11 @@ even those that could be done by one person.
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Making estimation more efficient and enjoyable
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requires a unified effort by estimators
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to embrace the statistical aspects of our field.
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## Technicality
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In other industries, estimating is treated appropriately like a data science.
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[[gut-feel]]
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[[estimator-calibration]]
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[[ai-in-estimating]]
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@@ -20,6 +20,8 @@ views:
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- formula.type
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- formula.linkText
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sort:
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- property: formula.type
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direction: ASC
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- property: file.size
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direction: DESC
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columnSize:
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@@ -3,9 +3,11 @@ id:
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aliases: []
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tags:
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- destiny/fleeting
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- status/incomplete
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- topic/automation
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- topic/estimating
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- topic/software
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- type/idea
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title: Functional Labor Factoring
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---
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# Functional Labor Factoring
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@@ -6,6 +6,7 @@ tags:
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- topic/automation
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- topic/estimating
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- topic/software
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- type/philosophy
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title: Separating Estimating Concerns
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---
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# Separating Estimating Concerns
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@@ -2,8 +2,11 @@
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id:
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aliases: []
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tags:
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- destiny/uncertain
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- status/incomplete
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- topic/estimating
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- topic/software
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- type/philosophy
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title: Software Based Estimating
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---
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# Software Based Estimating
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+11
-2
@@ -29,8 +29,17 @@ made in competition with other intelligent actors.
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Predictions of competitor behavior in bids and market movements
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are made with a game-theoretic lens.
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### Dominant Strategy
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The dominant strategy is the course of action
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that results in the best outcome
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### "Solved" Games
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<!-- TODO: -->
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### Auction Theory
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Auction theory is a subset of game theory
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that specifically addresses the competitive bid format
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typical of construction project award.
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<!-- TODO: -->
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@@ -3,6 +3,9 @@ id:
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aliases: []
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tags:
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- topic/estimating
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- destiny/uncertain
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- status/incomplete
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- type/philosophy
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title: Traditional Estimating Methods
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---
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# Traditional Estimating Methods
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