Multiparameter Bidding System—Innovation in Contract Administration
Publication: Journal of Construction Engineering and Management
Volume 118, Issue 1
Abstract
The vast majority of construction contracts are procured using the low‐bid system. In the low bid system price is the sole basis for determining the successful bidder. This traditional approach has certain drawbacks. In recent years, several innovative modifications to the low bid system have been tried. This paper presents the results of these trials and proposes a more comprehensive approach to bid award criteria. A presentation of a multiparameter bidding system is made. The multiparameter bid award system would include various owner‐selected parameters, such as cost, time, and quality. Quantification of these parameters and bidder evaluation methodology are included. Finally, a discussion of the advantages and disadvantages of a multiparameter bid award criteria system is also presented.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 118 • Issue 1 • March 1992
Pages: 142 - 150
Copyright
Copyright © 1992 ASCE.
History
Published online: Mar 1, 1992
Published in print: Mar 1992
Authors
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