Construction Technology Valuation for Patent Transaction

Abstract

Technology valuation is a very important prerequisite for technology transaction which, in turn, boosts the development and the commercialization of new technologies. Valuation of construction technologies has challenges caused by unique characteristics of the industry that differ from the manufacturing industry where technology valuation has been established and used frequently. This paper presents a review of the technology valuation methodology, identifies the important factors that should be considered in the valuation of construction technology, and proposes a guideline for construction technology valuation. A real-world case study on a new construction technology for construction and/or maintenance of bridge piers is also presented based on the proposed valuation methodology.