Previous studies of construction contract auction bidding have mainly focused on finding
factors affecting the markup and decision to bid (d2b), without considering expert weight and …

In the construction industry, it is crucial for owners to select the appropriate contract delivery
method to achieve best performance on their projects. The low-bid method has been the …

The main criterion taken into consideration when choosing a contractor is the bid price that
the contractor suggests. The basis for determining such a price are the direct costs …

To win a project contract through competitive bidding, contractors submit a bid price that is
determined by putting a markup on the estimated project cost. The success of the bid is …

To be successful in a competitive environment, contractors have to prepare their bids wisely.
The two main decisions they have to make are the project selection decision and the markup …

In competitive bidding, the success and/or failure of the contractors strongly depends on
their submitted bid price. Hence, the bidding price decision is a strategic subject for …

Multi-attribute reverse auction-based procurement has been widely used by large
organizations. The attributes of the auctioned objects are usually divided into two groups …

The approach used by construction companies to determine bid prices is an element of their
strategy used to win jobs in competitive tenders. Such strategies build upon an analysis of …

Purpose For large projects, project segmentation and planning the size of contract packages
in construction bids is a complex and critical issue. Due to the nature of construction …

A competitive tender with the lowest price as the only (or the main) criterion of contractor
selection is one of the most common approaches to procurement in construction. On the one …