. Determining fair profits has become one of the substantial issues in recent construction industry settings, especially for government-funded projects. Unfortunately, the Presidential Decree No. 80 of 2003 that regulates public procurement does not specifically define what a fair profit is. This paper presents the development of mathematical models to evaluate the fairness of profit intervals of projects given their identified characteristics. The models were built upon qualitative and quantitative responses of respondents solicited via mailed-out questionnaires. The statistical techniques employed for this study includes the conjoint analysis and ordinal regression that mutually complement. The fairness of project under evaluation is translated into a score on a 0-100 scale with 0 being perfectly unfair and 100 being perfectly fair and 70 serving as the cut-off level to dichotomize fairly and unfairly profited projects. Another mathematical model to recommend more reasonable profit intervals for low-scored projects is also presented in this paper.