Federal Construction Contract Award By Mean Bid
TEXAS UNIV AT AUSTIN
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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.
- Administration and Management
- Structural Engineering and Building Technology