CRITICAL REVIEW ON FACTORS AFFECTING BID/ NO BID DECISION MAKING PROCESS OF CONTRACTORS IN SURAT
Keywords:
Construction Management, BID, NO BID, Decision, GDPAbstract
Bid/no-bid decisions are critical for construction contractors because the success and existence of any
construction company depends on the outcomes of bidding decisions. However, this process is highly complex and
involves multiple noisy data sources. Unfortunately, short timeframe for the decision-making process gives contractors
limited time to crosscheck the sources and make the right decision. The purpose of this research is to investigate such
factors that affect contractor’s decision to bid, especially for small and medium size construction projects. The closeended questionnaire was employed to gather data from small and medium construction firms in the surat . The
respondents were asked to rate each variable on a five-point Likert scale; and the RII was used to determine the relative
importance of the factors gathered from the questionnaire, in terms of their importance as perceived by the respondents.
The results indicated that the most important factors affecting contractor’s bidding strategy are project size, equipment
availability, number and capabilities of firm’s personnel, profitability (profit potential) and labour availability. The less
significant factors include tax, bidding price, tendering method, general overhead and tendering duration. The results of
this study can be used to develop a systematic decision process, which can be beneficial for companies possessing limited
resources.
