Factors Affecting Contractors' Bidding Decisions for Construction Projects in Nigeria

Oyeyipo, Opeyemi; Odusami, K. T.; Ojelabi, Rapheal A.; Afolabi, A.O.

doi:10.21315/jcdc2016.21.2.2

Cited by 38 publications

(63 citation statements)

References 13 publications

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“…In particular, "clarity of the work and specifications" (corresponding to "designer/design quality") and "project cash flow" (corresponding to "project cash flow") were two significant factors. The overall findings of the present study differ from the findings of Oyeyipo et al [17], conducted in Nigeria, where "availability of capital" was among the most significant factors. By contrast, this factor was ranked nineteenth in the present study.…”

Section: Profile Of the Respondentscontrasting

confidence: 99%

“…Many of these studies have attempted to identify the main factors affecting the contractors' bidding decisions. In Nigeria, Oyeyipo et al [17] conducted a study to identify the main factors influencing contractors' bidding decisions in construction projects. Based on the findings of the study, the most significant factors affecting the bid/no-bid decision were "financial capability of clients", "availability of capital", and "availability of material".…”

Section: Literature Reviewmentioning

confidence: 99%

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Factors Affecting Contractors’ Bidding Decisions for Construction Projects in Saudi Arabia

et al. 2019

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One of the critical decisions taken by contractors is whether or not to bid for a project. This is due to the complexity and uncertainty surrounding this decision, which is influenced by many factors. Given the above challenge, this study aimed to uncover the critical factors affecting the contractors' bidding decisions in Saudi Arabia-based construction projects. A questionnaire survey, which consisted of 31 factors, was distributed to first-, second-and third-grade contractors. In total, 67 responses were obtained. Median and relative importance index (RII) techniques were adopted for ranking the most critical factors. Based on the received responses, the top six critical factors were "size of the job", "type of the job", "company's strength in the industry", "designer/design quality", "rate of return", and "project cash flow". The least significant factors were "job start time" and "labor environment (union/nonunion/cooperative)". The findings of this study show a level of agreement among all contractors about the critical factors. The findings would benefit contractors and subcontractors by increasing their understanding of the major factors affecting the bidding decision process. Contractors armed with such valuable information will be better able to enhance their bidding decision-making process in terms of efficiency and effectiveness.

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Section: Profile Of the Respondentscontrasting

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Factors Affecting Contractors’ Bidding Decisions for Construction Projects in Saudi Arabia

et al. 2019

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“…S. Deep The least important factors were 1) Job start time with RII-60. 6 2) Labour environment with RII-57.3…”

Section: Methodology and Resultsmentioning

confidence: 99%

“…According to Oyeyipo et al, (2016) [6] a structured questionnaire survey was used as the important tool to collect data from the different respondents. A total of hundred (100) samples were drawn from among many construction contractors of the Lagos state.…”

Section: Factors Contributing To Decision On Bid or No-bid In Conmentioning

confidence: 99%

Collation of Decision Support System (DSS) Models used for Bid Decisions in Construction Industry

Mandanna,

Holla

2020

IJRTE

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The past researches on key elements responsible for the successful completion of the project showed the importance of assessment and accounting of various types of risks during the bid decision process. If the contractor invests his productive time in only those projects which are meeting the organization’s goals and targets, then the chances of submitting a competitive bid is more. In order to select such appropriate projects, the measure of the effect of numerous factors on bid decision is essential. This research highlights the numerous reasons that influences the bid decisions of contractors and the contribution of these factors towards the construction of Decision Support System Models (DSS). In order to identify the factors influencing the bid decisions, past literature studies were conducted and a strong focus was given to methods such as questionnaire survey, structured and semi-structured interviews were used. The construction of the models was done after taking the opinions of contractors. From the past research it can be noted that the main factors such as client’s financial capability, contractor’s financial capability, past experience of the contractors in similar projects etc., were considered across the globe. This complex and dynamic nature of bid decision making demands a robust decision support system which can be implemented collectively at least in a construction industry within a country. Moreover, the bid decision is more of subjective in nature. So, addressing this with only quantitative models which considers past bid data, recently applied strategy etc., may not be adequate to forecast the dynamic phenomenon. This strongly proposes the requirement for development of a Qualitative model to take care of subjective decision-making situation.

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“…In Nigeria, Oyeyipo et al (2016) conducted a study on the factors that influence contractors' bidding decisions in construction projects; they also assessed their importance. The study used 100 questionnaires.…”

Section: Research Backgroundmentioning

confidence: 99%

Identifying the key competitiveness indicators for construction contractors

al.¹

2019

Int. j. adv. appl. sci.

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In today's context of international economic integration and globalization, competition is an objective rule in the commodity production system. Competition is also part of the operational mechanisms of the global market economy. To improve enterprise competitiveness, construction companies need to be concerned. The process involves assessing the competitiveness of the contractors operating in construction activities and the publication of the ranking results to create transparency in the selection of the contractors and improve the quality of the bidding competition. This research identified the indicators necessary for assessing the competitiveness of a contractor in civil and industrial engineering in Vietnam. A survey was used to collect the data for the analysis. The results illustrate that the key competitiveness indicators (KCI) aggregated in six main groups: (1) management skills, (2) financing ability, (3) contractor image, (4) human resources strength, (5) relationships and marketing ability, and (6) technical capacity. This result provides useful information necessary to help construction contractors better understand their strengths and weaknesses and then take the related actions necessary to improve and develop their competitive strategies.

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Factors Affecting Contractors' Bidding Decisions for Construction Projects in Nigeria

Cited by 38 publications

References 13 publications

Factors Affecting Contractors’ Bidding Decisions for Construction Projects in Saudi Arabia

Factors Affecting Contractors’ Bidding Decisions for Construction Projects in Saudi Arabia

Collation of Decision Support System (DSS) Models used for Bid Decisions in Construction Industry

Identifying the key competitiveness indicators for construction contractors

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