Al-Sinaidi, A R (2005) Selecting the unit price bid: An analytical method. In: Khosrowshahi, F (ed.) Proceedings of 21st Annual ARCOM Conference, 7-9 September 2005, London, UK.
Abstract
An alternative contractor selection model using the analytical hierarchy process (AHP) has been developed. It helps the owner to identify contractors who has the best balanced prices, which represent his capability to deliver satisfactory outcomes, in a final contractor selection process which is not based on the lowest bid. The AHP comprises three parts: hierarchic structure, prioritization procedure, and calculation of results. The prices of contractors for the MTW for the different types of work will be used as criteria for comparison. Comparisons are made after ranking the lowest price and the highest price.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | unit price; risk; opportunity; high price; low price |
| Index terms: | owner, analytical hierarchy process, contractor selection |
| Subjects: | decision-making and optimization, tendering, sociology |
| Topics: | Stakeholder Management, Procurement, Research Practice |
| Descriptive scope: | 2 PA |
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