Title: Evaluating bid item prices to support contractor selection - A case study
Authors: Lin, Chun-Chang
Wang, Wei-Chih
Yang, Jyh-Bin
Department of Civil Engineering
Keywords: project procurement;contractor selection;multi-criteria evaluation;bid item pricing
Issue Date: 1-Jun-2007
Abstract: Bid price is a highly-weighted appraisal criterion in a multi-criteria evaluation method to select contractors for construction projects. By evaluating both the magnitude and reasonableness of the bid price, this study presents an electronically-facilitated model for evaluating bid prices. The model defines a reasonable total price for a project and a reasonable cost for each cost category (or bid item) by considering the project prices estimated by the project owner and submitted by all qualified bidders. Scoring systems are then employed to score the prices submitted by bidders, and weighting methods are used to integrate the derived scores. The bidder with the highest integrated score receives the most favorable price appraisal. The merits of the proposed model are demonstrated by its successful application to a recent public construction project in Taiwan.
URI: http://hdl.handle.net/11536/10740
ISSN: 0253-3839
Volume: 30
Issue: 4
Begin Page: 765
End Page: 771
Appears in Collections:Articles

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