Contracting Strategies in Mid-Rise Buildings and Analysis Using SPSS SoftwareJournal: International Journal of Science and Research (IJSR) (Vol.10, No. 6)
Publication Date: 2021-06-05
Authors : Hinsha P Nazer; Anju K;
Page : 1389-1395
Keywords : Bidding Strategy; Bidding Decision Support System; Contractors; Construction Industry; Factors;
Bid decisions either results in procuring good opportunities or lead to large loss due to selection of inappropriate projects. The decisions to bid or not, made on experience and instincts have lower success rate compared to decisions made on real time facts governing the whole process. Smart contractors tend to be more realistic rather being more heuristic while bidding for a project. To improve the bidding process and the competitiveness over a global market, the contractors need to identify and analyze the key factors influencing the bid process, which in turn boosts the economy of the country. This project reports the factors influencing the bid decisions obtained through the response from the survey questioning various contractors from different construction projects. This study ranks the factors obtained based on their importance weightages based on the analysis. The findings would benefit contractors and subcontractors by increasing their understanding of the main factors affecting the bidding decision process. Contractors armed with such valuable information will be able to enhance their bidding decision-making process in terms of effectiveness and efficiency. Towards the end of the paper a Bidding Decision Support System that supports contractor?s decision making is also provided.
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Last modified: 2021-07-05 13:46:22