The impact of contractor selection method on transaction costs: a review
Lingard, J.
The impact of contractor selection method on transaction costs: a review - 1998 - Journal of Construction Procurement 4(2) November 1998, 89-102(14) .
Reviews the research evidence which suggests that although competitive tendering typically results in the lowest bidder winning the contract this may not represent the lowest project cost after completion. Research is still needed to investigate the imapct of different methods of contractor selection on the costs of entering into a contract and the decision to outsource (from journal abstract)
BID EVALUATION
CONTRACTOR SELECTION
PRE-QUALIFICATION PROCESS
TRANSACTION COSTS
The impact of contractor selection method on transaction costs: a review - 1998 - Journal of Construction Procurement 4(2) November 1998, 89-102(14) .
Reviews the research evidence which suggests that although competitive tendering typically results in the lowest bidder winning the contract this may not represent the lowest project cost after completion. Research is still needed to investigate the imapct of different methods of contractor selection on the costs of entering into a contract and the decision to outsource (from journal abstract)
BID EVALUATION
CONTRACTOR SELECTION
PRE-QUALIFICATION PROCESS
TRANSACTION COSTS