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Current approaches for Bid/No bid decision making by the contracting organisations in Sri Lanka

Show simple item record Gamage, IS Perera, BAKS Perera, KTPK 2018-06-23T00:47:18Z 2018-06-23T00:47:18Z
dc.description.abstract Construction bidding is the procedure for submitting comprehensive proposals by bidders for undertakingconstruction projects. Contractors often procure projects through competitive bidding and the bid/no bid decision making is a keymilestonein a project. Though numerous bid/no bid decision-making models have been developed, most of these models have practical and theoretical limitations which limit their applicability in practice. Hence, theultimate aim of this ongoing research is to propose an appropriate hierarchical framework for bid/no bid decision-making suitable for adoption by Sri Lankan contractors. Before proposing a framework, it is needed to ascertain the current practice of bid/no bid decision making approaches under the Sri Lankan construction scenario with the identification of factors affecting the decision. This research is basedon a qualitative approach, which analysed using code-based content analysis, dataobtained through semi structured interviews to provide significant findings. The results of the analysis indicate the consequences of the wrong bid/no bid decision making under two worst-case scenarios, viz. ‘accepting a wrong bid’ and ‘rejecting a proper bid’. Furthermore, three common bid/no bid decisionmaking approaches practiced by Sri Lankan contractors and factors that affect bid decisionmaking wereidentified in order to assist future studies related to the same research. en_US
dc.language.iso en en_US
dc.subject Bid/No Bid Decision, Contract Bidding, Decision-Making Approaches en_US
dc.title Current approaches for Bid/No bid decision making by the contracting organisations in Sri Lanka en_US
dc.type Conference-Abstract en_US
dc.identifier.faculty Architecture en_US
dc.identifier.department Department of Building Economics en_US
dc.identifier.year 2014 en_US
dc.identifier.conference 7th FARU International Research Symposium - 2014 en_US Galle, Sri Lanka en_US
dc.identifier.pgnos pp. 68 - 79 en_US
dc.identifier.proceeding Practice Based Research : exploring built environmental through evidence en_US en_US en_US en_US

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