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Unformatted text preview: responsible bidder with the
lowest bid price
• Request for Proposal (Notice to Bidders) for public announcement
– Competition ensures lowest responsible price.
– All bidders are treated equally
– Purposely low bid (zero or negative profit)
– Frequent change orders may be resulted
– Plans and specifications must be totally completed prior to bid
long project duration
18 Selective Bidding (Prequalification)
• Reduced number of prospective bidders
• Win-win situation: The contractor does not prepare a bid and incur
the inherent cost unless he can qualify. The owner does not find
himself in a position of being under pressure to accept a low bid
from an incompetent firm.
• Major prequalification parameters of the bidders:
– Technical competency of similar types of construction
– Past project experience
– Current financial...
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This document was uploaded on 01/28/2014.
- Fall '14