A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Competitive Bidding: The Probability of Winning
Current competitive bidding strategy models are reviewed critically with emphasis placed on similarities and differences between methods of valuating projects and between methods used to assess the probabilities of winning with different bids. A contractor's 3-yr bidding experience is analyzed. It is shown that a contractor does not, in general, have data of sufficient quantity and quality needed to use current bidding models. The validity of the use of classical single variable statistical analysis procedures is questioned.
Competitive Bidding: The Probability of Winning
Current competitive bidding strategy models are reviewed critically with emphasis placed on similarities and differences between methods of valuating projects and between methods used to assess the probabilities of winning with different bids. A contractor's 3-yr bidding experience is analyzed. It is shown that a contractor does not, in general, have data of sufficient quantity and quality needed to use current bidding models. The validity of the use of classical single variable statistical analysis procedures is questioned.
Competitive Bidding: The Probability of Winning
Benjamin, Neal B. H. (author)
Journal of the Construction Division ; 98 ; 313-330
2021-01-01
181972-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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