Significant factors influencing the bid mark-up decision of infrastructure projects in Sri Lanka
Date
2021
Authors
Perera, B.A.K.S.
Wijewickrama, M.K.C.S.
Ranaweera, W.R.S.C.
Gamage, I.S.W.
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Journal article
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International Journal of Construction Management, 2021; 21(8):769-783
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Abstract
Tender estimates play a vital role in achieving bid successes. A bid price which has an optimum mark-up is governed by many factors. The research aims to identify the significant factors influencing the bid mark-up decision of infrastructure projects in Sri Lanka. Using a literature review,semi-structured interviews and a questionnaire survey, the study identifies nine significant factors influencing the mark-up decision of infrastructure projects. The identified significant factors are ‘estimated direct cost’, ‘competitiveness of other bids’, ‘type of work’, ‘project duration’, ‘the ability to predict pre-tender estimate’, ‘project location’, ‘reliability of the company estimate’,‘number of bidders’ and ‘need for work’, respectively. The study also reveals potential relationships between the identified significant factors and bid mark-up based on case studies. Amongst, ‘reliability of the company estimate’, ‘number of bidders’ and ‘type of work’ have shown positive relationships with mark-up. The contents should be of interest to bidders and researchers in construction.
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Copyright 2019 Informa UK Limited, trading as Taylor & Francis Group
Access Condition Notes: Embargoed until