Crowley, L G and Hancher, D E (1995) Evaluation of competitive bids. Journal of Construction Engineering and Management, 121(2), pp. 238-245. ISSN 0733-9364
Abstract
The evaluation of competitive bids is a difficult process with little objective guidance provided to those who make the decisions to accept or reject bids. A quantitative evaluation method is proposed to utilize a collective assessment of project value, a measure of disagreement, and an expected recurrence relationship in order to identify unreasonably low bids. The unreasonable bids could then be subject to verification, investigation, or rejection based upon the agency's preference. In doing this careful evaluation of bids, public agencies may accomplish most, if not all, of the objectives currently sought by the alternative procurement procedures while remaining consistent with the low-bid philosophy.
| Item Type: | Article |
|---|---|
| Index terms: | preference, agency, philosophy, investigation |
| Subjects: | sociology, philosophical studies, decision-making and reasoning, data collection methods |
| Topics: | Research Practice |
| Descriptive scope: | 3 CTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here