Study on Tender Offers Decision-Making Based on the Sand Table Experiment

Abstract:

This article discusses about the decision-making method of tender offer based on the engineering project management simulation experiment. The research first simulates the project construction process to explore possible ways to reduce cost. Then, combining with the lowest biding price standards in China, it analyzes the internal relationship between biding price and the lowest cost and finds the determining factors of calculating biding quotation. Next, the research determines the final biding price based on the biding price concepts and several other factors, for instance, competitors’ technical skills, management skills and biding strategies. Finally, this article applies the method in the decision-making process of Triumphal Arch tender offer project and proves the feasibility of the method.

• Periodical: Applied Mechanics and Materials (Volume 525)
• Pages: 770-774
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.525.770
• Online since: February 2014
• Authors: Hong Yong Liu, Jie Chen*, Yong Cao
• Keywords: Engineering Project, Lowest Cost Price, Sand Table Experiment, Tender Offers

References

[1] Liu Hongyong, Zheng Jun wei. Study on Engineering Project Integrated Management Mode Based on the sand table experiment. Science & Technology progress and Policy, Vol. 27(2010), p. (2022).

[2] Ou Yangyi. Stuy on Strategies of Bidding Price in Projects. JiangSu University，(2006)pp.55-63.