Contract attributes.

Contract attributes.

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The number of experts who realize the importance of big data continues to increase in various fields of the economy. Experts begin to use big data more frequently for the solution of their specific objectives. One of the probable big data tasks in the construction industry is the determination of the probability of contract execution at a stage of...

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Context 1
... feature was taken into account while data processing. The extracted data from the "contract" and "contractProcedure" files were aggregated according to the contract number (Table 3). The data set on contracts is stored in the contracts.pickle ...
Context 2
... population of the fields "paid" (see table 2), "price" (Table 2), "contract_duration" (Table 3) was estimated. It is respectively 100%, 85%, and 67%. ...

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... These include regions where data is readily available for processing, where it contains functional, identifiable patterns, and where it has been accurately classified. Furthermore, as opposed to problems requiring abstract reasoning [26] or judgement, these systems frequently perform best where quick search and computing provide benefits over human cognition and where there are obvious right and wrong answers about what to do. Many issues lack these features, making them unsuitable for machine-learning applications. ...
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... Chattapadhyay et al. [86] used a cross-analytical machine learning model with K-means clustering and Genetic Algorithm to exploit different risk factors and their impacts on the performance aspects of construction megaprojects. Valpeters et al. [87] determined the probability of contract execution risk at a given stage of its establishment using Logistic Regression, Decision Tree, and Random Forest algorithms. Creedy et al. benefited from Multivariate Regression Analysis for evaluating risk factors that lead to cost overruns in delivering highway construction projects. ...
... Probability-based reasoning Rule-based reasoning Fuzzy logic [44,50,87,94] Forward propagation and backpropagation Loss function Weights and biases [95,96] Structure ...
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... The study adopted five Machine Learning (ML) algorithms to train models for forecasting the occurrence of accidents and their severity. Valpeters et al. (2018) employed ML approaches to the task of determination of successful contract execution in the construction organization. The results from the study suggested prognostic models based on ML algorithms. ...
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... The choice of a new area in construction and the project monitoring of smart buildings are tasks being gradually unlocked with the implementation of large data in the construction industry used in tackling and assessing the success factor of a contract at the pre-and post-contract stages (Valpeters, Kireev & Ivanov, 2018). D' Amico et al. (2018) stated that there is a need for adequate data that serves as the only barrier in the effective utilization of machine learning. ...
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... Given the advances in storage, in particular the possibility of Cloud storage [12], this is not a problem. The purpose of the part is to provide data for intelligent analysis -Data mining [13], Big Data [14][15][16][17][18][19][20], Deep Learning [21,22], etc. Intelligent data analysis and results are needed to shape the company's future strategy in this area. ...
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... Therefore, variety of researches that fit in this category is very wide. (Valpeters, Kireev& Ivanov, 2018) research machine learning solution (specific type of big data application) to determine probability of successful contract execution in construction project. This type of solution could be adjusted in any other industry as well if historical data of contracts and actual outcomes is available. ...
... (Pradeepa & Manjula, 2016) describe solution of geographical data extraction from different web documents and media that can be visualized and further used in early stages of potential construction projects. (Taylan, Kabli, Porcel, & Herrera-Viedma, 2018) research similar challenge to (Valpeters et al., 2018) -how to build an automatic solution for the best contractor selection in each specific construction situation to have best possible outcome. ...
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... It should be noted that of all the methods used in technology Data Mining and Big Data, cluster analysis is especially useful for the construction area. We can formulate the obvious conclusion: Big Data technology has very good prospects for the construction industry [1][2][3][4]. Accordingly, the role of the Data Warehouse in the field of construction has increased. It is possible to create the new forms of business, based on the use of technologies Data Warehouse and Big Data. ...
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