ANALYSIS OF CRITERIA SYSTEM MODEL FOR CONSTRUCTION CONTRACT EVALUATION

Abstract

A number of multicriteria decisions must be made during construction investment processes. A number of support systems for multicriteria tasks of construction investment processes are available. Part of them is reviewed in this article. Effectiveness of the construction investment process is greatly influenced by an appropriate formulation of a construction contract. In order to formulate effective construction contract, multicriteria techniques for evaluation and comparison of the contracts must be created. Beside technical, organisational and economic aspects of construction, legal aspects of a construction contract must be also analysed in order to create such techniques. Therefore legal decision‐making systems are also reviewed in the article. A conclusion can be made from the review that decision‐making systems for construction contracts are not available currently. One of the main tasks in the creation of multicriteria support systems is the formation of a multicriteria indicator system. In this paper the structure of construction contracts are analysed and a hierarchical model of a construction contract is presented. Construction contracts have to be made evaluated and compared to this model. On the basis of this model, significance of indicators should be determined and a multicriteria decision support system should be created in further research stages.