The Criteria for Contractors’ Selection and Bid Evaluation &Factors Affecting Bidding Strategy in Construction

Document Content and Description Below

The Criteria for Contractors’ Selection and Bid Evaluation &Factors Affecting Bidding Strategy in Construction 1 Ronak Dave, 2Kevin Parmar, 3Brijesh Patel, 4Prof. Raju Prajapati 1,2,3Students, 4... Professor Department of Civil Engineering Sardar Patel Collage of Engineering, Bakrol, Anand Abstract:-Construction contractors have big influences upon projects and their successes. Therefore, it is quite critical to select a qualified contractor in the process of construction management. A competent construction contractor is one of the indispensable conditions of a proper process and completion of a construction project. This paper analyzed the actual criteria for the selection of contractors. Bidding strategy in construction defines as a management skills of using all available resources both physical and financial, in order to offer a comprehensive and competitive bidding through consider various aspects, including internal, external and environment, with aim to win the bidding competition, and provide maximum project performance. This study aims at identifying the criteria for selection of contractor and bid evaluation means by which different emphases can be recommended to suit the requirements of clients and projects and There are many factors that influence the bidding strategy. These factors influence depend on the situation, when the research done. Keyword:- Criteria for Contractors’ Selection, Bid Evaluation, Factors Affecting Bidding Strategy, Bidding Strategy dimension and indicators I. INTRODUCTION Construction project must be managed in an effective manner. The demands from clients and competition have been growing rapidly. Few of these demands directly contribute to the physical construction of the project. The selection of a proper construction contractor increases chances of successful completion of a construction project. It can also fulfill the client goals, and keep the schedule of the cost, time and quality. So it is extremely critical to select an appropriate contractor in the process of construction management. The selection of construction contractors are very often conducted during tendering. Tendering definitely gives a client a choice in awarding contract a company which proposes the lowest price and short construction cycles, but usually they do not allow to precisely evaluate a tender. At the same time there are more and more procedures in which the decision criterion of choosing a tender is the price. Accepting the lowest price is the basic cause of the project completion problems because very often lowering the price means lowering the quality. It is true in some cases. In some cases the economic situation and the competition is crucial environmental factors. Besides, external factors such as the contract, characteristics of the client, company experience and project characteristics are very influential. Internal factors that should be concern are the characteristics of the company, benefit, and the project financing.We analyzed in Selecting the most suitable contractor for a construction project is a crucial decision for owners and project managers. Therefore, this paper aims at selection of construction project contractors with recommendations about the suitable criteria for better evaluation of construction bids both technically and financially [Show More]

Last updated: 1 year ago

Preview 1 out of 4 pages