What is it about?
Competitive bidding on construction projects involving decision making under uncertainty in the form of subjectivity of the bidders. The Bidders who understand these conditions will have the biggest chance to win the tender.
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Why is it important?
Competitive bidding based on decision making under uncertainty in the form of subjectivity of the bidders. There are two aspect of for competitive bidding, namely economic aspect and strategy cost aspect. The approach for economic aspect is CCI (construction cost index) based on data obtained from the central bureau of statistics. The approach for strategy aspect is the difference between the actual contract unit price data and standard unit price that is analyzed with CCI. The competitive bidding is simple methods for contractors that concentrate their work in geographic locations that they understood clearly.
Perspectives
The research is about an approach based on the pattern of uncertainty to win the tender for the contractor. The pattern will draw the subjectivity of the strategy of the contractor that is to concentrate their work in geographic locations.
Mr. fachrurrazi FRR hasjim
Universitas Syiah Kuala
Read the Original
This page is a summary of: Study of Unit Price for Competitive Bidding Based on CCI (Construction Cost Index) for Building, International Journal of Engineering Research and, January 2016, ESRSA Publications Pvt. Ltd.,
DOI: 10.17577/ijertv5is010499.
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