Abstract
Tender evaluation is the procedure of choosing the best contractor for a particular project from many applicants. Although rational and logical methods can be used for bidding strategies, bid evaluation remains a skill for which an engineer’s verdict is crucial. Contractors commonly witness that tender selection is not an easy job, and the lowest bid does not necessarily win the contract. The tender decision mainly depends on quantifiable measures such as financial costs and paybacks, and qualitative or invisible factors like administrative security accountability, aptitude, and the proficiency of the contractors. Moreover, Bid evaluation is a decision-making procedure that incorporates an extensive criteria range for which the information is not accordingly. Hence, ambiguity linked to such information is not appropriate for this study. This paper aims to evaluate innovation during the bid evaluation process in the road industry. The research results indicate that the private and public sectors in Australia offer innovative products and work methods, given the chance. Therefore, innovation during the bid evaluation process is welcomed and sometimes strongly encouraged. Further, it is important to have strong research in to how to effectively determine value for money in the context of developing suitable and quality roads. Therefore, this research is useful in the context of evaluating factors that help to understand value for money in the road sector in context of bid evaluation process. Doi: 10.28991/cej-2021-03091676 Full Text: PDF
Highlights
It is widely accepted that projects related to road construction should be managed effectively
Phase 3 Group Key/parent factors: once we identified the sub-factors of each parent factor of bid evaluation, we grouped the sub-factors with their parent factor of bid evaluation in the road construction industry
The measures of the seven key factors for bid evaluation and innovation in the road construction industry were taken from the bidding and road construction industry literature [29, 34, 35]
Summary
It is widely accepted that projects related to road construction should be managed effectively. The selection of a suitable construction contractor increases the likelihood of the successful completion of a road construction project [1, 3] This may ensure the customer/ owner goals are achieved and the project is completed on time, within budget and delivers high quality project outputs. In the road construction industry, awarding road construction projects to the most suitable and affordable bidder with the lowest cost tender is the common standard over the world. Company CEOs and road construction managers frequently find that assigning and awarding a road project to the lowest bidder might not guarantee that the project aims, and objectives are achieved in terms of road quality, completion timeliness and the total cost of the project.
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