| Title |
An Understanding of Domestic Construction Clients' Tender Behavior |
| Authors |
Bae, Juhyeon ; Han, SangUk ; Kim, Byungil |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2018.19.1.074 |
| Keywords |
Bidding ; Tender Rate ; Tender Behavior ; Multiple Regression Anal ysis |
| Abstract |
The establishment of an effective bidding system is critical to ensure both the high quality of civil infrastructure and proper earning of contractors. However, the continuous changes of a bidding system in South Korea reveal that problems such as a dumping or high price winning have not been fully resolved yet. This study thus aims at understanding the bidding behavior and strategies of contractors by analyzing a tender ratio in historical data. Multiple regression analysis is conducted to understand the effect of internal and external factors (e.g., estimated cost, combined value of construction performance evaluation) on a tender ratio. The results statistically show that such factors affect the tender ratio an individual bidder determines and have the varying effect on the tender ratio by contractors' firm size. |