Economic Scoring Formulae in multi-attribute construction auctions
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Title Economic Scoring Formulae in multi-attribute construction auctions
Creator Pablo Ballesteros-PǸrez, Eugenio Pellicer, M
Contributor -
Publisher ISEC PRESS
Publication Year 2560
Keyword Bidding, Tendering, Competition, Economic Bid, Bidder, Procurement.
Abstract Public tendering implies the free concurrence and competition of bidding companies that certify their solvency, so that those companies proposing the most attractive bid, both technically and economically, are awarded the contracts and carry them out according to the same terms and conditions that they proposed.Generally, there is high competition in public tendering, both concerning the number of bidders (constantly increasing), as well as the profit margin (constantly decreasing). On the other side, handling the procurement process, there is a contracting authority that spends public money while trying to fulfill a particular socio-economic objective.This paper will take the contracting authority
ISBN 978-0-9960437-4-8
International Struct Eng and Constructn Society

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