Evaluating and Comparing Bidding Optimization Effectiveness

Seydel, John

doi:10.1061/(asce)0733-9364(2003)129:3(285)

Cited by 22 publications

(6 citation statements)

References 8 publications

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“…Competitive bidding is the means by which pricing of various services takes place (Seydel, 2003). Bidding is the act of offering to do something or provide goods and services for particular price (Ade‐Ojo, 2008).…”

Section: Competitive Biddingmentioning

confidence: 99%

Assessment of competitive tendering methods of procuring educational building projects in Nigeria

Adedokun

Ibironke

Babatunde

2013

Journal of Facilities Management

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PurposeThe purpose of this paper is to assess educational building projects with a view to determining the level of utilization of competitive tendering methods, factors influencing their choice and predisposition to risk factors, in order to ensure effective construction project delivery.Design/methodology/approachThe paper assessed the level of utilization of competitive tendering methods, the factors influencing their choice and finally the predisposition of each of the methods to risk factors, adopting survey method which involved primary data, obtained by using multiple‐choice questionnaire administered to the respondents (architects, quantity surveyors, builders, structural engineers, civil engineers, mechanical and electrical engineers).FindingsIt was found that the usage of open competitive tendering methods outweighed selective tendering method of procurement as a result of accountability and price competition involved, which made it predisposed to not only financial risk factors, but also political and logistics factors.Research limitations/implicationsMultiple‐choice questionnaire administered to the respondents (architects, quantity surveyors, builders, structural engineers, civil engineers, mechanical and electrical engineers) was limited to selected institutions in the southwestern zone of Nigeria.Practical implicationsThe most widely adopted method (open competitive tendering method) suffers from risk factors such as selective but high premium being placed on financial and logistic risk factors in order to achieve hitch‐free construction project delivery. These measures will help the stakeholders in assessing degrees of project complexity and better manage the potential risks that might be induced to different levels of competitive tendering methods of project procurement in relation to educational building projects.Originality/valueThis empirical investigation provides strong evidence on the procurement of educational building projects in response to due process policy. The findings provided insightful perspectives to define and understand project complexity. For stakeholders, understanding and addressing the complexity help to improve project planning and implementation.

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Section: Competitive Biddingmentioning

confidence: 99%

Assessment of competitive tendering methods of procuring educational building projects in Nigeria

Adedokun

Ibironke

Babatunde

2013

Journal of Facilities Management

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“…This way can maintain some cost calculate software monopolize place. The disadvantage of this way is add the cost and is unfair [1].…”

Section: A the Disunity Of Data Interfacementioning

confidence: 99%

The design of a tendering and bidding system based on data integration

Chen¹,

Qianyan²,

Zhang³

2010

2010 International Conference on Computer and Information Application

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The information and integration of tendering and bidding process is the key to solve the problem of the contradicitions of tendering and bidding that they can not discern each other and achieve resource sharing. My paper used theoretical and technological knowledge of software development learned from the major of software engineering, in which theory is used to direct practice. My paper is based on the theory of software engineering. First, I set forth the current situation and the problems of tendering and bidding system. Then I discussed the feasibility of my system. Third, I give the data intergration program based on the Extensible Markup Language.

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“…Due to the fact that maintenance and sustainability are closely related, maintenance contractors would become the "key player" to achieve the sustainability agenda. Furthermore, most academic researches on contractor's bidding strategy and contractor selection emphasize on the general building works and very less attention has been given to maintenance works (Tan et al, 2010;Seydel, 2003;Perng et al, 2006;Zavadskas and Vilutiene, 2006). As such, this research attempts to investigate the bidding strategies of maintenance contractors.…”

Section: Introductionmentioning

confidence: 99%

Potential for long-term sustainability

Keung

Yiu

2015

Facilities

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Purpose – The purpose of this study is to develop a conceptual framework of bidding model for maintenance contractors. Sustainability is closely linked with the maintenance of facilities or infrastructure. From maintenance contractor’s perspective, one of their key business processes is to bid projects under fierce competition. Their competitiveness is critically affected by their bidding behaviours and bid makeup selections. Design/methodology/approach – This paper aims at identifying critical and important objectives of bidding and items affecting bidding strategies and developing a bidding model for maintenance contractors. Findings – With the questionnaire surveys of 50 maintenance contractors, two critical objectives of bidding have been identified. Likewise, a total of eight critical and 12 important items affecting bidding strategy have also been identified. A bidding model for maintenance contractors is presented. Research limitations/implications – This model formulates the maintenance contractors’ bidding behaviors in a rational manner, and acts as a guideline to new and less experienced maintenance contractors to have a brief understanding about the bidding process and to assist them for establishing their own bidding strategies. With this knowledge, clients or maintenance contractors themselves would become easier to achieve their sustainability goals. Originality/value – Many academic researches on contractor’s bidding strategy emphasized on the general building works, and less attention has been given to maintenance works. Because of the fact that the community is awash with sustainability, and sustainability development is closely related to maintenance work, the business operation of maintenance contractors should be understood. This shall contribute to the achievement of sustainability goals for the society.

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Evaluating and Comparing Bidding Optimization Effectiveness

Cited by 22 publications

References 8 publications

Assessment of competitive tendering methods of procuring educational building projects in Nigeria

Assessment of competitive tendering methods of procuring educational building projects in Nigeria

The design of a tendering and bidding system based on data integration

Potential for long-term sustainability

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