Research Article
Jan 1930
Letting Construction Work by Competitive Bidding
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VIEW THE REPLYPublication: Transactions of the American Society of Civil Engineers
Volume 94, Issue 1
Abstract
This paper is an economic study of some of the successive steps taken in the preparation for, and the actual letting of, construction work by the method of competitive bidding. The endeavor is made to outline briefly a set of principles which, if followed, will assist in giving the owner the maximum value for the money expended in construction work and, at the same time, leave a profit for the contractor commensurate with the ability exercised in the performance of the contract and with the risk assumed in being bound to produce the work for the contract price.
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Published In
Transactions of the American Society of Civil Engineers
Volume 94 • Issue 1 • January 1930
Pages: 626 - 644
Copyright
© 1930 American Society of Civil Engineers.
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Published in print: Jan 1930
Published online: Feb 10, 2021
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Authors
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Edward W. Bush, M.ASCE
Engr., Aetna Casualty & Surety Co., Hartford, Conn.
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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.