2008•Supervision Test and Cost of ConstructionRequires access

Analysis on getting the bidding in low price and the risk of claims in construction

Guo Jian-zhong

Abstract

Low price, High is a means of decision-making for the contractor bids in the construction project bidding. The project claim is given in contracts for the owners and the contractor's legitimate interests. This paper discusses the current process of construction project bidding and the reasons and dangers of getting the bidding in low price, and analyses the potential risk of claims faced by owners, to improve the construction bidding.

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Available abstract

Key concepts: Bidding, Construction bidding, Real-time bidding, Business, Ebidding, Process (computing), Actuarial science, Risk analysis (engineering)