Research Article
Mar 1978
Bidding Strategy using Multiple Regression
Authors: Robert I. Carr, M.ASCE, and John W. SandahlAuthor Affiliations
Publication: Journal of the Construction Division
Volume 104, Issue 1
Abstract
Multiple regression analysis is applied to construction competitive bidding to give a contractor new insights that will help him compete more effectively. Data from 48 projects bid by a contractor are collected and analyzed. Two models are developed, one for use in deciding whether or not to estimate and bid a job and one to aid in his markup decision. Expected value criteria are applied to both decisions. The proposed two-phase bidding strategy is demonstrated on two jobs and problems in the contractor's competitive position are diagnosed using the model. Practicalities of model development for other contractors are considered.
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Information
Published In
Journal of the Construction Division
Volume 104 • Issue 1 • March 1978
Pages: 15 - 26
Copyright
© 1978 American Society of Civil Engineers.
History
Published in print: Mar 1978
Published online: Feb 11, 2021
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Authors
Affiliations
Robert I. Carr, M.ASCE
Assoc. Prof., Dept. of Civ., Environmental, and Architectural Engrg., Univ. of Colorado, Boulder, Colo.
John W. Sandahl
Sandahl Construction Services, Inc., Cheyenne, Wyo.
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.