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Şentürk, H A and Yazici, G (2004) Case Study: Izmit Domestic and Industrial Water Supply Build–Operate–Transfer Project. Journal of Construction Engineering and Management, 130(03), 449–54.
Abudayyeh, O, Dibert-DeYoung, A and Jaselskis, E (2004) Analysis of Trends in Construction Research: 1985–2002. Journal of Construction Engineering and Management, 130(03), 433–9.
Bossink, B A G (2004) Managing Drivers of Innovation in Construction Networks. Journal of Construction Engineering and Management, 130(03), 337–45.
Christini, G, Fetsko, M and Hendrickson, C (2004) Environmental Management Systems and ISO 14001 Certification for Construction Firms. Journal of Construction Engineering and Management, 130(03), 330–6.
Fang, D P, Huang, X Y and Hinze, J (2004) Benchmarking Studies on Construction Safety Management in China. Journal of Construction Engineering and Management, 130(03), 424–32.
Gransberg, D D, Karaca, I and Senadheera, S (2004) Calculating Roller Requirements for Chip Seal Projects. Journal of Construction Engineering and Management, 130(03), 378–84.
Han, S H, Diekmann, J E, Lee, Y and Ock, J H (2004) Multicriteria Financial Portfolio Risk Management for International Projects. Journal of Construction Engineering and Management, 130(03), 346–56.
Moussourakis, J and Haksever, C (2004) Flexible Model for Time/Cost Tradeoff Problem. Journal of Construction Engineering and Management, 130(03), 307–14.
Nima, M A, Abdul-Kadir, M R, Jaafar, M S and Alghulami, R G (2004) Constructability Concepts in Kuala Selangor Cable-Stayed Bridge in Malaysia. Journal of Construction Engineering and Management, 130(03), 315–21.
O’Connor, J T and Yang, L (2004) Project Performance versus Use of Technologies at Project and Phase Levels. Journal of Construction Engineering and Management, 130(03), 322–9.
Peng, J (2004) Structural Modeling and Design Considerations for Double-Layer Shoring Systems. Journal of Construction Engineering and Management, 130(03), 368–77.
Pietroforte, R and Stefani, T P (2004) ASCE Journal of Construction Engineering and Management: Review of the Years 1983–2000. Journal of Construction Engineering and Management, 130(03), 440–8.
Seo, S, Aramaki, T, Hwang, Y and Hanaki, K (2004) Fuzzy Decision-Making Tool for Environmental Sustainable Buildings. Journal of Construction Engineering and Management, 130(03), 415–23.
Shen, L Y, Li, Q M, Drew, D and Shen, Q P (2004) Awarding Construction Contracts on Multicriteria Basis in China. Journal of Construction Engineering and Management, 130(03), 385–93.
Wang, W (2004) Electronic-Based Procedure for Managing Unbalanced Bids. Journal of Construction Engineering and Management, 130(03), 455–60.
- Type: Journal Article
- Keywords: Project management; Contracts; Bids; Cost analysis; Construction industry; project management; cost accounting; construction industry; contracts;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)0733-9364(2004)130:3(455)
- Abstract:
Construction lump sum lowest bid procurement is one of the most prevalent methods of awarding construction contracts. For a lump sum bidding practice in Taiwan, after the lowest bidder is awarded a construction project contract, the contractual unit price for each cost item is taken as the product of the owner’s estimated unit price and a discounting ratio equal to the total bid price divided by the owner’s project cost estimate. This owner-based approach is inequitable because the bidder is denied the right to allocate the risks associated with the costs of performing the work. In U.S. practice, while the unit prices submitted by the bidder are usually considered as the contractual ones, unbalanced bids may occur. This work presents a bidder-based quantitative procedure, built on an electronic-based bidding process for effectively and efficiently supporting reviewing and adjusting the bidder’s proposed unit prices for a lump sum procurement project. The advantages of this procedure include that the unit prices electronically obtained from the owner and all qualified bidders are included in analyses during unit-price evaluation, and that rules for unit-price adjustment along with maintaining the total contractual price are included. The novel procedure has been successfully applied to several construction projects in Taiwan and the results have been greatly appreciated by both governments and contractors.
Warszawski, A and Sacks, R (2004) Practical Multifactor Approach to Evaluating Risk of Investment in Engineering Projects. Journal of Construction Engineering and Management, 130(03), 357–67.
Zayed, T M and Halpin, D W (2004) Quantitative Assessment for Piles Productivity Factors. Journal of Construction Engineering and Management, 130(03), 405–14.
Zayed, T M and Halpin, D W (2004) Simulation as a Tool for Pile Productivity Assessment. Journal of Construction Engineering and Management, 130(03), 394–404.