vault backup: 2025-10-13 07:19:08

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2025-10-13 07:19:08 -04:00
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@@ -12,8 +12,10 @@ title: Bid Process Strategy
# Bid Process Strategy # Bid Process Strategy
This note is intended to describe This note is intended to describe
...
[[strategy#Auction Theory]] particularly [[strategy#Auction Theory]],
which specifically addresses the competitive bid format
typical of construction project award.
**Executives** inform **Risk Tolerance**, **Executives** inform **Risk Tolerance**,
**Risk Tolerance** informs **Minimum Estimate Certainty** **Risk Tolerance** informs **Minimum Estimate Certainty**
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@@ -67,3 +67,11 @@ even those that could be done by one person.
Making estimation more efficient and enjoyable Making estimation more efficient and enjoyable
requires a unified effort by estimators requires a unified effort by estimators
to embrace the statistical aspects of our field. to embrace the statistical aspects of our field.
## Technicality
In other industries, estimating is treated appropriately like a data science.
[[gut-feel]]
[[estimator-calibration]]
[[ai-in-estimating]]
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@@ -20,6 +20,8 @@ views:
- formula.type - formula.type
- formula.linkText - formula.linkText
sort: sort:
- property: formula.type
direction: ASC
- property: file.size - property: file.size
direction: DESC direction: DESC
columnSize: columnSize:
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@@ -3,9 +3,11 @@ id:
aliases: [] aliases: []
tags: tags:
- destiny/fleeting - destiny/fleeting
- status/incomplete
- topic/automation - topic/automation
- topic/estimating - topic/estimating
- topic/software - topic/software
- type/idea
title: Functional Labor Factoring title: Functional Labor Factoring
--- ---
# Functional Labor Factoring # Functional Labor Factoring
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@@ -6,6 +6,7 @@ tags:
- topic/automation - topic/automation
- topic/estimating - topic/estimating
- topic/software - topic/software
- type/philosophy
title: Separating Estimating Concerns title: Separating Estimating Concerns
--- ---
# Separating Estimating Concerns # Separating Estimating Concerns
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@@ -2,8 +2,11 @@
id: id:
aliases: [] aliases: []
tags: tags:
- destiny/uncertain
- status/incomplete
- topic/estimating - topic/estimating
- topic/software - topic/software
- type/philosophy
title: Software Based Estimating title: Software Based Estimating
--- ---
# Software Based Estimating # Software Based Estimating
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@@ -29,8 +29,17 @@ made in competition with other intelligent actors.
Predictions of competitor behavior in bids and market movements Predictions of competitor behavior in bids and market movements
are made with a game-theoretic lens. are made with a game-theoretic lens.
### Dominant Strategy
The dominant strategy is the course of action
that results in the best outcome
### "Solved" Games
<!-- TODO: -->
### Auction Theory ### Auction Theory
Auction theory is a subset of game theory Auction theory is a subset of game theory
that specifically addresses the competitive bid format
typical of construction project award. <!-- TODO: -->
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@@ -3,6 +3,9 @@ id:
aliases: [] aliases: []
tags: tags:
- topic/estimating - topic/estimating
- destiny/uncertain
- status/incomplete
- type/philosophy
title: Traditional Estimating Methods title: Traditional Estimating Methods
--- ---
# Traditional Estimating Methods # Traditional Estimating Methods