An, X; Li, H; Zuo, J; Ojuri, O; Wang, Z and Ding, J (2018) Identification and prevention of unbalanced bids using the unascertained model. Journal of Construction Engineering and Management, 144(11): 05018013, ISSN 0733-9364
Abstract
Unbalanced bidding has presented a significant issue in the construction industry. The award of a contract to an unbalanced bid poses a significant threat to the construction cost, as well as construction activities. The nature of an unbalanced bid, irrespective of the form, consists of quotations higher or lower than the reasonable unit price. In this paper, the engineer's estimated price was chosen as the evaluation criterion. Consequently, a model was developed in order to identify unbalanced bids based on unascertained model. The unbalanced bid can be identified, which provides useful inputs for bid evaluation. As a result, unbalanced bids can be prevented. The feasibility of the method was verified via a case study. The method proposed in this paper facilitates an effective and efficient quantitative assessment of unbalanced bids. This model not only assists owners in effectively and efficiently identifying unbalanced bids, but also discourages bidders from unbalancing their bids.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | identification; prevention; project management; unascertained model; unbalanced bid |
| Index terms: | unbalanced bidding, bidder, construction industry, prevention, project management, case study, construction cost, construction activity, engineer, owner, bid evaluation |
| Subjects: | tendering, project management theory and practice, financial risk, sociology, industry analysis, profession, data collection methods, financial and cost management, construction operations, bidding |
| Topics: | Site Management, Stakeholder Management, Roles and Professions, Procurement, Cost Management, Project Management, Research Practice |
| Descriptive scope: | 4 PCTE |
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