Bounded homotopy theory and the K-theory of weighted complexes

Given a bounding class $B$, we construct a bounded refinement $BK(-)$ of Quillen's $K$-theory functor from rings to spaces. $BK(-)$ is a functor from weighted rings to spaces, and is equipped with a comparison map $BK \to K$ induced by "forgetting control". In contrast to the situation with $B$-bounded cohomology, there is a functorial splitting $BK(-) \simeq K(-) \times BK^{rel}(-)$ where $BK^{rel}(-)$ is the homotopy fiber of the comparison map.