Analysis & Optimization to Improve the Tedious Tendering Process in Construction Industry

Abstract

Abstract: This analysis and optimization study aims to improve the tedious tendering process in the construction industry. The study identifies the major challenges faced by stakeholders in the tendering process, including high administrative costs, lack of transparency, lengthy bidding periods, and inconsistencies in bid evaluation criteria. Various optimization techniques are proposed, including the use of electronic bidding platforms, standardization of bid evaluation criteria, and the implementation of a two-stage bidding process. The study concludes that implementing these optimization techniques can significantly improve the efficiency and effectiveness of the tendering process, resulting in lower costs, faster bidding periods, and increased transparency.