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 …

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 …

provides overwhelming evidence in favor of the dominance of inherent variability in bidding. … possible value in strategic bidding; providing an indication of mistakes in bids; determining a justifiable amount of bid …

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 …

factors perceived to influence bid mark‐up size decisions among local general contractors bidding on construction projects … tendering duration. Research limitations/implications – Although the outputs contribute to the overall body of knowledge related … to bidding in the construction industry, it is further recommended to determine the relationship between the factors …