Basic Principles of Evaluating Bidding Methods for Highway Construction Projects in China

In this paper, various bidding methods including open, invitational, and negotiated bidding were comparatively evaluated based on the associated construction costs, transaction costs, bid price, and service quality. Although open bidding was found to be beneficial in terms of reducing construction costs, it is associated with high transaction costs that can be minimized through internet usage. Invitational bidding should be based on a pre-qualification criterion while negotiated bidding should be applied where market conditions are assumed to be competitively perfect. The results also indicated that the bid appraising method based on the lowest evaluated bid price and high quality service must be used in construction and technical projects, respectively. In general, the study results showed that the current Chinese bidding laws and regulations for construction projects need to be improved.

• Record URL:
  https://doi.org/10.1061/47634(413)24
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784476345
• Supplemental Notes:
  • Copyright © 2011 ASCE
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Yuan, Jianbo
  • Liu, Weijun
• Conference:
  • GeoHunan International Conference 2011
  • Location: Hunan , China
  • Date: 2011-6-9 to 2011-6-11
• Publication Date: 2011

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 187-195
• Monograph Title: Road Materials and New Innovations in Pavement Engineering

Subject/Index Terms

• TRT Terms: Alternatives analysis; Bids; Construction projects; Costs; Prices; Quality of service
• Geographic Terms: China
• Subject Areas: Administration and Management; Construction; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01348071
• Record Type: Publication
• ISBN: 9780784476345
• Files: TRIS, ASCE
• Created Date: Aug 8 2011 2:26PM