Bidding Strategy in Construction Public Procurement: A Contractor’s Perspective

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F21%3APU139163" target="_blank" >RIV/00216305:26110/21:PU139163 - isvavai.cz</a>

Result on the web

<a href="https://www.mdpi.com/2075-5309/11/2/47" target="_blank" >https://www.mdpi.com/2075-5309/11/2/47</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/buildings11020047" target="_blank" >10.3390/buildings11020047</a>

Result language

angličtina

Original language name

Bidding Strategy in Construction Public Procurement: A Contractor’s Perspective

Original language description

A contractor’s ability to prepare a competitive bid for a construction tender is crucial for its survival on the market. The bid price estimation strategy should promote the probability of winning a sufficient amount of tenders but, at the same time, ensure the economic stability and development of the company. This paper aims to address this issue in the area of Czech public construction procurement. The opinions, experiences and practices of contractors were collected through a questionnaire survey, and the data were evaluated with the support of statistical methods. This revealed that Czech contractors mostly base their multicriteria bidding strategy on cost-oriented pricing while considering various aspects such as the risks and attractiveness of the tender. The Czech construction market is generally perceived as oriented toward low costs, and with a relatively common occurrence of abnormally low bids. The findings presented in this paper may help contractors improve their current bidding strategies in public construction procurement.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

20101 - Civil engineering

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Buildings

ISSN

2075-5309

e-ISSN

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Volume of the periodical

11

Issue of the periodical within the volume

2

Country of publishing house

CH - SWITZERLAND

Number of pages

14

Pages from-to

1-14

UT code for WoS article

000622282300001

EID of the result in the Scopus database

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