Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Contractors' Opportunistic Bidding in the Public Construction Market

Contractors' Opportunistic Bidding in the Public Construction Market

Yan, Min-Ren

Paperback

Business General

ISBN10: 3639165322
ISBN13: 9783639165326
Publisher: Blues Kids Of Amer
Published: Jul 26 2009
Pages: 106
Weight: 0.37
Height: 0.25 Width: 6.00 Depth: 9.00
Language: English
In the public construction market, the award price levels of many projects are abnormally low and such a situation has long been to blame for poor project quality. Previous studies have regarded the abnormal low-bids are generated by insufficient market demands, excessive suppliers, and the unsound bidding system. However, few studies noticed that the sell to produce characteristic of construction projects may induce contractors to adopt opportunistic bidding strategy, offering a low bid and then make up the amount initially sacrificed from beyond-contractual reward (BCR) gained through cutting corners and raising claims. This book thus aims to introduce contractors' opportunistic bidding behavior and its impacts on the construction market. A systemic overview of contractors' pricing behavior under two main streams of contractor selection system, the price-based and qualification-based systems, is presented. Several managerial policies in reducing contractors' opportunistic bidding behavior are evaluated.

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