Abstract
The "multi-criteria selection? has become popular practice in selecting contractors, especially for public works which involve multiple stakeholders. In line with this development, contractors need to consider more factors apart from offering lower bidding price in formulating a bidding strategy. A contractor needs to understand clearly his own competence, resource limitation and client?s requirements. However, client?s requirements, contractor?s competence are often not possibly specified in definite terms, and uncertainties and fuzziness exist in their specifications. By applying fuzzy linear programming with multiple objectives (FLPMO) technique, this paper introduces a quantitative method for assisting a contractor to formulate better bidding strategy by better utilizing its competence for meeting to the best the multiple criteria imposed by clients. This quantitative approach is named fuzzy competence requirement model (FCR). A hypothetical example is used to demonstrate the application of FCR model.
Original language | English |
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Title of host publication | CRIOCM 2010 - International Symposium on Advancement of Construction Management and Real Estate "Towards Sustainable Development of International Metropolis" |
Publisher | Chinese Research Institute of Construction Management |
Pages | 345-354 |
Number of pages | 10 |
Publication status | Published - 1 Jan 2010 |
Event | 15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010 - Thistle Hotel, Johor Bahru, Malaysia Duration: 6 Aug 2010 → 7 Aug 2010 |
Conference
Conference | 15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010 |
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Country/Territory | Malaysia |
City | Johor Bahru |
Period | 6/08/10 → 7/08/10 |
Keywords
- Bidding strategy
- Competence requirement
- Construction contract
- Fuzzy linear programming
- Multi-criteria selection
ASJC Scopus subject areas
- Building and Construction
- Architecture
- Strategy and Management
- Business and International Management
- Urban Studies