Accession Number : ADA255637
Title : Federal Construction Contract Award By Mean Bid
Descriptive Note : Departmental rept.
Corporate Author : TEXAS UNIV AT AUSTIN
Personal Author(s) : Taylor, George Edwyn, II
Report Date : Aug 1992
Pagination or Media Count : 93
Abstract : The intent of this research is to document the feasibility of awarding federal construction contracts based on mean bid as an alternative to low bid. In this case, mean bid award is derived by summing the values of all bids received for an advertised federal construction contract and determining the average value. This value is the benchmark by which all bids are compared--the contractor who bids closest to this benchmark is awarded the contract. Using data from 55 Navy construction contracts collected from two Navy Engineering Field Divisions and one Navy Resident Officer in Charge of Construction Office, a comparison of final contract price to the average of all bids received will be made. The premise for comparison is that mean bid award would ensure that a 'sincere' bidder receives the contract, thus reducing the number of costly changes and improving project quality.
Descriptors : *CONSTRUCTION , *CONTRACT PROPOSALS , *AWARDS , NAVY , FEASIBILITY STUDIES
Subject Categories : Administration and Management
Structural Engineering and Building Technology
Distribution Statement : APPROVED FOR PUBLIC RELEASE