Modeling Contractor's Bidding Decisions
نویسندگان
چکیده
منابع مشابه
Bidding on Projects Based on Previous Works and Eminence , a Contractors ’ View Point
Nowadays, a project-winning environment is very competitive. In order to be successful and make profit, a contractor should start planning in advance and decide about what projects to bid. A prominent contractor should bid on projects for which his chances of winning are good enough or on projects for which the profit is high enough such that bidding would be worth consuming the resources neede...
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Competitive bidding is the most commonly adopted method to determine which contracting firm to be awarded a construction project. Depending upon the market condition and their existing workload, a contractor would have to make decisions on (i) bid or no bid; (ii) direct and indirect costs; and (iii) mark-up level. With the reliance on subcontracting system and the amount of materials involved i...
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Competitive bidding is the main mechanism for allocation of construction projects and consequently price determination of the construction services in the A/E/C industry. While different aspects of construction bidding have been studied in the literature, there is still a need for developing a comprehensive model that captures the complex dynamics of bidding environment by considering interacti...
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ژورنال
عنوان ژورنال: Procedia Engineering
سال: 2017
ISSN: 1877-7058
DOI: 10.1016/j.proeng.2017.03.125