El-Samadony, A A E-Y (1986) Development of an improved construction bidding model incorporating multiple objective functions. PhD thesis, University of Leeds, UK.
Abstract
The successful construction firm must be able to identify the optimal course of action in the bidding situation which satisfies in a balanced way the objectives of the firm, the risks associated with obtaining and undertaking contracts and the risks and consequences of not procuring particular contracts. Concepts from a number of disciplines are invoked to determine the important parameters of the bidding problem, the influence of various dynamic environments on the possible courses of action and the selection of the optimal solution. The construction bidding literature is classified and reviewed; the common shortcomings of the bidding strategies are highlighted; and the important elements of the bidding problem are identified and discussed. Two sets of data from Building and Civil Engineering jobs respectively are collected and analysed. A method of predicting a range for the number of competitors bidding for current projects is introduced and discussed. In the light of this work the desirable characteristics for a modified bidding model are identified and incorporated into a proposed bidding strategy which uses multiple objective functions, employs simulation techniques and requires a number of subjective inputs to produce an optimal range for the bid. A group of computer programs for the practical implementation of the proposed model are developed, presented and tested. The effect of accuracy of estimates on chances of winning a particular contract is discussed and proposals are made for further investigations in this and contiguous areas.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | accuracy; bidding; civil engineering; simulation; bidding model |
| Index terms: | accuracy, implementation, proposal, estimate, bidding, investigation, construction firm, computer program, strategy |
| Subjects: | management, bidding, financial and cost management, data collection methods, professional development, contractual arrangements, software systems, organization, project planning |
| Topics: | Information Management, Project Management, Procurement, Cost Management, Business Strategy, Digital Applications, Research Practice |
| Descriptive scope: | 3 PCA |
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