Uncertainty Factors Affecting Bid Price from Pre-Bid Clarification Document of Transport Construction Projects
This study investigates the influence of the uncertainty factors in the pre-bid clarification document on bid price formation during the project bidding. To this end, civil projects from the California Department of Transportation were used as research data. This study randomly selected 50 sample data from each of 12 counties in 2008–2020: a total of 600. Within the data, this study examined the project uncertainty cases. Based on the analysis, four uncertainty factors: ‘conflict’ (UF1), ‘impossibility’ (UF2), ‘lack’ (UF3), and ‘missing’ (UF4) were extracted. With the project not containing any uncertainty factors as a control group, the project containing these uncertainty factors was designated as an experimental group. After comparing the bidder’s price, the experimental group’s bid price was formed at a higher level than the control group. This result suggests that uncertainty factors in bid documents induce bidders to set a high-bid price as a defense against uncertainty.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784483978
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Supplemental Notes:
- © 2022 American Society of Civil Engineers.
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Corporate Authors:
American Society of Civil Engineers
1801 Alexander Bell Drive
Reston, VA United States 20191-4400 -
Authors:
- Jang, YeEun
- Son, JeongWook
- Yi, June-Seong
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Conference:
- Construction Research Congress 2022
- Location: Arlington Virginia, United States
- Date: 2022-3-9 to 2022-3-12
- Publication Date: 2022
Language
- English
Media Info
- Media Type: Web
- Pagination: pp 219-224
- Monograph Title: Construction Research Congress 2022: Project Management and Delivery, Controls, and Design and Materials
Subject/Index Terms
- TRT Terms: Bids; Construction projects; Uncertainty
- Identifier Terms: California Department of Transportation
- Geographic Terms: California
- Subject Areas: Administration and Management; Construction; Highways;
Filing Info
- Accession Number: 01841191
- Record Type: Publication
- ISBN: 9780784483978
- Files: TRIS, ASCE
- Created Date: Mar 30 2022 3:14PM