Development of a Construction Project Bidding Decision-Making Tool

AbstractGiven the increasingly competitive environment in the construction industry, investigating the bidding strategies and the influential factors on bidding decisions has become a topic of research since the mid-1950s. To date, numerous decision-making tools have been developed to assist contrac...

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Published in:Practice periodical on structural design and construction 2020-02, Vol.25 (1)
Main Authors: Kalan, Duygu, Ozbek, Mehmet Egemen
Format: Article
Language:English
Subjects:
Analytic hierarchy process
Bids
Business competition
Construction industry
Contractors
Decision making
Technical Papers
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Ozbek, Mehmet Egemen
description AbstractGiven the increasingly competitive environment in the construction industry, investigating the bidding strategies and the influential factors on bidding decisions has become a topic of research since the mid-1950s. To date, numerous decision-making tools have been developed to assist contractors in making bid/no-bid decisions. Despite the excessive availability of the decision-making tools, their utilization rate is very low. Therefore, a practical and user-centered tool to help with the bid/no-bid decisions is needed. The purpose of this study is to develop a practical decision-making tool to assist decision makers in making construction project bidding decisions and selecting the most appropriate projects to bid on using the analytic hierarchy process (AHP). Two illustrative examples, based on hypothetical case studies, are also provided to describe the implementation process of the developed decision-making tool.
doi_str_mv 10.1061/(ASCE)SC.1943-5576.0000457
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1943-5576
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source American Society Of Civil Engineers ASCE Journals
subjects Analytic hierarchy process
Bids
Business competition
Construction industry
Contractors
Decision making
Technical Papers
title Development of a Construction Project Bidding Decision-Making Tool
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