TO STUDY EFFICIENT BID PROCESS MANAGEMENT FOR PRIVATE PROJECTS

Abstract

Generally, successful completion of construction projects requires many important processes and one of them is the bidding process. During the bidding process, selecting the most appropriate contractors to execute the project seems to be quite difficult. Contractor selection plays a vital role in the overall success of any construction project. Clients generally need the best criteria in selecting contractors in order to get best results in term of cost, time, and quality for their projects. The project often get delayed and show time and cost overruns as a consequence. The importance of bidding documents, good bidding process and the selection of contractor are some of the important prerequisites for the successful completion of project. The aim of the study was to identify factors in the bid process management that any lead project success. Subsequently, these factors were ranked by expert for their importance and ability to influence the project results. Two brainstorming sessions were organized for identifying factors, one with a government organization which executes a large number public project mainly  through cost based selection and second with a private developers organization which hires contractor through quality based selection process. Twelve factors were shortlisted through this process and they were given importance ranking by experienced professionals. The mean value and the descriptive statistics were worked out to rank the factors