Redirigiendo al acceso original de articulo en 17 segundos...
ARTÍCULO
TITULO

Determining the Optimal Fee-Technical Proposal Combination in Two Envelope Fee Bidding

Derek Drew    
Connie Kwong    
Patrick Zou    
L.Y Shen    

Resumen

Two envelope fee bidding is a mechanism used by construction clients to allocate commissionsto willing consultants such as architects, engineers and surveyors. In two envelopefee bidding the client scores the competing consultants? fees and technical proposals.The fee and technical proposal scores are weighted and aggregated and the consultantobtaining the highest aggregated score normally wins the commission. The consultant?sobjective in bidding, therefore, is to obtain the highest aggregated score possible since thismaximizes the chance of winning the commission. Given that fee and technical proposalscores are to some extent correlated, consultants can submit any one from a number ofdifferent fee?technical proposal combinations, ranging from a low fee?low scored technicalproposal combination to a high fee?high scored technical proposal combination.Only one possible combination will result in the highest aggregated score. Drew et al(2002b) offered consultants a model to determine this optimum fee-technical proposalcombination for any given commission. This paper tests the proposed model using datacollected from a leading Hong Kong consultant. The analysis, based on 51 bidding attempts,indicates that had the consultant adopted the proposed optimization model, theoverall average improvement on the consultant?s original total scores was 7.07%. The optimumstrategy was to aim for an absolute low fee?low scored technical proposal on 20occasions, absolute high scored technical proposal?high fee on 21 occasions and somewherebetween these two extremes on the remaining 10 occasions. The extent to whichfees scores and technical scores vary relative to each other has an important influence onthe optimum fee?technical proposal combination. However, the client?s change from a70/30 to a 50/50 predetermined weighting appears to have little effect on the consultant?soptimum bidding strategy.

 Artículos similares

       
 
Omar Abdulkhaleq Aldabash and Mehmet Fatih Akay    
An IDS (Intrusion Detection System) is essential for network security experts, as it allows one to identify and respond to abnormal traffic present in a network. An IDS can be utilized for evaluating the various types of malicious attacks. Hence, detecti... ver más
Revista: Applied Sciences

 
Shuyan Yang, Changfeng Li and Wangshu Mu    
Senior-friendly restaurants are dining establishments that cater specifically to the needs and preferences of older adults in a community. As the physical capabilities of seniors progressively decline and their activity spaces contract over time, determi... ver más

 
Yongwei Gong, Ge Meng, Kun Tian and Zhuolun Li    
A proposed method for analyzing the effectiveness of rainwater storage tanks (RWSTs) based on various enabling rule scenarios has been proposed to address the issue of incomplete strategies and measures for controlling excessive rainwater runoff. Three e... ver más
Revista: Water

 
Yanbin Li, Yubo Li, Kai Feng, Ke Sun and Zhichao Cheng    
Setting the staged flood limit water level (FLWL) through flood season staging is an important means of fully utilizing reservoir flood resources. The widely-used Fisher optimal partition method requires a certain time domain as the basic unit in determi... ver más
Revista: Water

 
Andrea D?Ambrosio and Roberto Furfaro    
This paper demonstrates the utilization of Pontryagin Neural Networks (PoNNs) to acquire control strategies for achieving fuel-optimal trajectories. PoNNs, a subtype of Physics-Informed Neural Networks (PINNs), are tailored for solving optimal control pr... ver más
Revista: Aerospace