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Two-envelope fee bidding is used frequently in allocating commissions to willing consultants such as architects …, engineers and surveyors. Consultant fees and technical scores are normally aggregated to form a total score. The consultant … obtaining the highest total score is usually awarded the commission. The consultant's objective is to get the highest total …
Persistent link: https://www.econbiz.de/10005269036
Consultants, in competing for work through two-envelope fee tendering, have been urged to consider variability … differences between fees and technical scores, since the criterion with the greatest variability will influence which consultant … is awarded the contract. Fee and technical score variability arising from different client fee tendering competitions is …
Persistent link: https://www.econbiz.de/10005633059
A method for analysing the competitiveness of a consultant's two-envelope fee tendering history is proposed and … aggregated for determining overall competitiveness. In analysing bidding performance it was found that this consultant's fee … consultant. Fees and quality score are then expressed as separate competitiveness ratios relative to these maximums and …
Persistent link: https://www.econbiz.de/10009277911
This paper discusses the content, origin and development of tendering theory as a theory of price determination. It … demonstrates how tendering theory determines prices and how it is different from game and decision theories, and that in the … tendering process, with non-cooperative, simultaneous, single sealed bids with individual private valuations, extensive public …
Persistent link: https://www.econbiz.de/10005438577
A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to … construction contract tendering. Most of this, however, contains assumptions—such as perfect information—that are unlikely to be … assumptions to align more closely with the construction tendering situation. In particular, the effects of additive and …
Persistent link: https://www.econbiz.de/10005482608
There is a need for improved insights into the contracting process for construction projects that the military contract out to civil contractors in the specific setting of civil-military interaction (CMI) in regions that are suffering from instability and armed conflict. The core questions are:...
Persistent link: https://www.econbiz.de/10008674549
Tendering is one of the stages in construction procurement that requires extensive information and documents exchange …
Persistent link: https://www.econbiz.de/10009194501
The procurement of a construction contractor should consider more aspects than only cost or price. Taking value and price into account to select the 'best value for money' bid results in adopting a structured multi-criteria approach. An alternative contractor selection method is presented, which...
Persistent link: https://www.econbiz.de/10004966583
Although extensive research has been undertaken on factors influencing the decision to tender and mark-up and tender price determination for construction projects, very little of this research contains information appropriate to the factors involved in costing construction projects. The object...
Persistent link: https://www.econbiz.de/10005438495
Subcontractors handle a major portion—about 85%—of all construction projects in the building industry. The ability of the main contractor and consultants to deliver the project within time, quality and cost targets depends largely on the performance of the subcontractors. Selection of...
Persistent link: https://www.econbiz.de/10005438522