Analyzing Bidding Strategy for Pavement Engineering with Multi-Criteria Decision-Making

Abstract:

This study analyzes key success factors of bidding results and provides the optimal bidding strategy for the pavement engineering. According to Public construction bidding management system data of Public Construction Commission of Executive Yuan, we found that the optimal bidding strategies in the most studies only focused on bidding prices and winning bid amounts. However, public constructions are usually on a large scale with great investments, it is critical to control budgets under quality and duration considerations. In addition, it is complicated for bidders to implement the optimal bidding strategy under multiple bidding factors. Hence, this study applies statistical analysis to find key success factors of bidding data in Taoyuan pavement engineering from 2008 to 2012 for evaluating the optimal bidding strategy with the multi-criteria decision-making method. Our research results show that bidders can increase the probability of winning bids and enables to allocate their resources with accurate bidding price forecast. In particular, the differences between the award amounts and base prices after applying the optimal bidding strategy are also provided.

• Periodical: Advanced Materials Research (Volume 723)
• Pages: 798-804
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.723.798
• Online since: August 2013
• Authors: Chin Rung Chiou, Jyh Dong Lin, Guan Jia Huang
• Keywords: Bidding Strategy, Multi-Criteria Decision-Making, Pavement Engineering, Public Construction, Statistical Analysis

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