Unbalanced bidding on contracts with variation trends in client-provided quantities
Language: English Series: Construction Management & Economics ; 10(1) January 1992, 69-80(12)Publication details: 1992Subject(s): Summary: This paper examines unbalanced contract bidding, a strategy for the allocation of rates to unit quantities for the benefit of the bidder. A mathematical model is proposed which attempts to objectively exploit variation trends in client-provided quantities. It is shown that the model can be solved by two methods - linear programming and the maximum- minimum method. The maximum-minimum method is preferred for most real-world situations. (Journal abstract)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS45813 (Browse shelf(Opens below)) | 1 | Available | 55188-1001 |
This paper examines unbalanced contract bidding, a strategy for the allocation of rates to unit quantities for the benefit of the bidder. A mathematical model is proposed which attempts to objectively exploit variation trends in client-provided quantities. It is shown that the model can be solved by two methods - linear programming and the maximum- minimum method. The maximum-minimum method is preferred for most real-world situations. (Journal abstract)