Optimal bid prices for unit price contract

PM Teicholz, DB Ashley - Journal of the Construction Division, 1978 - ascelibrary.org
bid price adjustment if a significant quantity variance exists (±25%). If a quantity overruns,
and the bid price is … included in the bid price, then that portion of margin will not be recovered. …

Investigation of bid price competition measured through prebid project estimates, actual bid prices, and number of bidders

PG Carr - Journal of construction engineering and management, 2005 - ascelibrary.org
bid price; the independent variable; and its deviation from the prebid estimate, measured as
a percentage of a project’s low, responsive, responsible, and awarded bid price… the bid price

Advertising bid price modifiers

AS Dilling, CB O'kelley - US Patent App. 13/049,534, 2011 - Google Patents
bid price associated with the original bid response is at least one of the original bid price
and the original bid price … an adjusted bid price greater than or equal to a minimum bid price

Equilibrium bid-price dispersion

B Jovanovic, AJ Menkveld - Journal of Political Economy, 2022 - journals.uchicago.edu
… Bid aggressiveness is measured as the ratio of bid-price densities at the top and bottom
of a prespecified price interval. In the model, this ratio is larger than one because the bid-price

Correlating bid price with the number of bidders and final construction cost of public street projects

PP Shrestha, N Pradhananga - Transportation research …, 2010 - journals.sagepub.com
… strong correlation between the lowest bid price and the final … street project by using the lowest
bid price. A validation of the … on the bid price and the effect of the low-bid price on the final …

Integration of simulation‐based cost model and multi‐criteria evaluation model for bid price decisions

WC Wang, RJ Dzeng, YH Lu - Computer‐Aided Civil and …, 2007 - Wiley Online Library
… Consequently, a suitable bid price decision must deal with the … bid price decisions should
go through a variety of criteria evaluations, this investigation proposes a novel hybrid bid price

Impact of contractor's optimized financing cost on project bid price

SMR Alavipour, D Arditi - International Journal of Project Management, 2018 - Elsevier
… different financing considerations on bid price in three cases … If the bid price is underestimated,
the contractor may well win … The objective of this study is to reduce the bid price by using …

Unit-price-based model for evaluating competitive bids

WC Wang, HH Wang, YT Lai, JCC Li - International journal of project …, 2006 - Elsevier
… to reject any bid if they determine the bid price is unreasonable. In practice however, few bids
… While past research assessed the bids based on total bid price, this study proposes a bid …

An analysis of bid-price controls for network revenue management

K Talluri, G Van Ryzin - Management science, 1998 - pubsonline.informs.org
… show that bid-price control is not optimal in general and analyze why bid-price schemes can
… However, we prove that when leg capacities and sales volumes are large, bid-price controls …

A factor-based probabilistic cost model to support bid-price estimation

WC Wang, SH Wang, YK Tsui, CH Hsu - Expert Systems with Applications, 2012 - Elsevier
… An appropriate bid price is essential for winning a … proper bid price can help a contractor in
making bid-price decisions … This study proposes a novel model for quickly making a bid-price