TENDER EVALUATION: MCDM TECHNIQUES

Abstract

The decision of tender evaluation and allotment is one of the important step of any construction project. There has been a trend away in tender evaluation process from considering quantitative parameters ("lowest price win", "maximum benefit win") to other qualitative parameters (past performance, time of completion). This paper reviewed past and recent literature in order to identify the current tendering process and the various techniques that have been applied previously. The study utilized different MCDM techniques for evaluation of tendering process. Multi-criteria decision making research has become one of the main areas of research for dealing complex and critical decision problems. This paper outlines the use of various systematic decision making tool for the tender selection. Qualitative and quantitative criteria are compared, and the uncertainty associated with the selection of right contractor is highly reduced. By using a case study the tender evaluation is fully investigated applying various MCDM techniques. Results from the different methods are compared and fuzzy extend analysis, fuzzy TOPSIS showed slight difference in results from the other methods.