A New Way to Determine Engineering Cost Price in the Construction Engineering Tendering

DOI

10.2991/emeit.2012.113How to use a DOI?

Keywords

Construction Engineering Tendering, the Lowest Bid Method, Bid Evaluation Cost Price, Multiple Attribute Decision Making Theory, Overall values

Abstract

The lowest bid method should be used in the bid evaluation of construction engineering, and it is a critical problem that how to calculate the lowest cost price of the bid proposal. In this paper, a new model is proposed, based on multiple attribute decision making theory. According to the tenderer’s preference that indicates their feelings towards difference in strength of technology and management between the bidders, the deviation minimization and maximization decision method are adopted. We establish the optimized decision model. This model has been successfully applied in the formulation of bid proposal of construction engineering in Yantai.

Copyright

© 2012, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Shumei Cui
PY  - 2012/09
DA  - 2012/09
TI  - A New Way to Determine Engineering Cost Price in the Construction Engineering Tendering
BT  - Proceedings of the 2nd International Conference on Electronic & Mechanical Engineering and Information Technology (EMEIT 2012)
PB  - Atlantis Press
SP  - 543
EP  - 546
SN  - 1951-6851
UR  - https://doi.org/10.2991/emeit.2012.113
DO  - 10.2991/emeit.2012.113
ID  - Cui2012/09
ER  -