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Unbalanced bidding on contracts with variation trends in client-provided quantities
This paper examines unbalanced contract bidding, a strategy for the allocation of rates to unit quantities for the benefit of the bidder. A mathematical model is proposed which attempts to objectively exploit variation trends in client-provided quantities. It is shown that the model can be solved by two methods - linear programming and the maximum-minimum method. The maximum-minimum method is preferred for most real-world situations.
Unbalanced bidding on contracts with variation trends in client-provided quantities
This paper examines unbalanced contract bidding, a strategy for the allocation of rates to unit quantities for the benefit of the bidder. A mathematical model is proposed which attempts to objectively exploit variation trends in client-provided quantities. It is shown that the model can be solved by two methods - linear programming and the maximum-minimum method. The maximum-minimum method is preferred for most real-world situations.
Unbalanced bidding on contracts with variation trends in client-provided quantities
Yizhe, Tong (author) / Youjie, LU (author)
Construction Management and Economics ; 10 ; 69-80
1992-01-01
12 pages
Article (Journal)
Electronic Resource
English
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