Open Journal of Civil Engineering

Volume 7, Issue 3 (September 2017)

ISSN Print: 2164-3164   ISSN Online: 2164-3172

Google-based Impact Factor: 0.75  Citations  

Detection Tool for Unbalanced Bids

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DOI: 10.4236/ojce.2017.73028    1,234 Downloads   4,114 Views  Citations

ABSTRACT

Unbalanced bidding is a cash flow management strategy that is recognized as an illegal/disqualifying practice by public owners; and unethical practice by most private owners. This practice provides the awarded bidder with unjustified advantages at the expense of the owner. Unfortunately, limited tools and techniques are currently available to identify and detect unbalanced bids during the evaluation process. This paper presents an innovative detection tool to identify unbalanced bids in unit price contracts during the bid evaluation process. The proposed technique develops BMDI graphs to visualize total markup variation patterns during the project lifetime to detect unbalanced bids. The proposed method also uses Monte Carlo simulation to take in consideration the impact of cost uncertainties and risks. An illustrative example was presented to show the capabilities and features of the proposed method in determining the status of submitted bids during the evaluation process.

Share and Cite:

Nikpour, B. , Senouci, A. and Eldin, N. (2017) Detection Tool for Unbalanced Bids. Open Journal of Civil Engineering, 7, 409-422. doi: 10.4236/ojce.2017.73028.
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