UNBALANCED BIDDING MODELS - THEORY

A CLASS OF UNBALANCED BIDDING PROBLEMS APPROPRIATE FOR UNIT PRICE PROPOSALS IS IDENTIFIED. USING THE PRESENT WORTH OF FUTURE REVENUE AS AN OBJECTIVE, SEVERAL MODELS ARE CONSTRUCTED FOR OPTIMAL UNBALANCING OF A BID. A LINEAR PROGRAMMING FORMULATION IS FOUND TO EMERGE IN A NATURAL WAY. THE IMPLICATIONS OF UNBALANCED BIDDING TO BOTH THE BIDDER AND THE SPONSOR ARE CONSIDERED. /ASCE/

• Supplemental Notes:
  • Vol 94, No C02, PROC PAPER 6174, PP 197-209, 3 TAB, 6 REF,
• Authors:
  • Stark, R M
• Publication Date: 1968-10

Media Info

• Serial:
  • Journal of the Construction Division

Subject/Index Terms

• TRT Terms: Bids; Construction; Cost indexes; Costs; Linear programming; Present value; Prices
• Uncontrolled Terms: Construction costs
• Old TRIS Terms: Bid price indexes
• Subject Areas: Administration and Management; Construction; Finance; Highways;

Filing Info

• Accession Number: 00215158
• Record Type: Publication
• Files: TRIS
• Created Date: Apr 28 1994 12:00AM