Inicio  /  Information  /  Vol: 14 Par: 7 (2023)  /  Artículo
ARTÍCULO
TITULO

Multi-Criteria Decision-Making in Public Procurement: An Empirical Study of Contractor Selection for Landslide Rehabilitation

Andelka ?tilic    
Adis Pu?ka    
Darko Bo?anic and Du?ko Te?ic    

Resumen

When carrying out construction work, identifying the best contractor is a critical component of the project life cycle in the construction industry. The investor must use effective and efficient strategies to create a competitive bidding environment in public projects. The research presented in this paper was conducted to demonstrate the competitive nature of public procurements, where contractors compete to present the best bid and win the contract. To award the contract, the best offer must be selected. Based on different strategies and multi-criteria decision-making approaches this study proposes a method for identifying the most suitable strategy out of eight bidding strategies on four different lots, resulting in the most suitable one for landslide rehabilitation in the Brcko district. The results reveal the optimal approach to follow to minimize time and financial losses in the case of landslide rehabilitation during periods of market instability. Such research findings validate the efficiency of the bidding strategies-based decision-making support. The proposed method allows for compromise on both the completion date and the lowest bid made by the winning contractor.

 Artículos similares

       
 
Sean Pascoe    
Data envelopment analysis (DEA) has been proposed as a means of assessing alternative management options when there are multiple criteria with multiple indicators each. While the method has been widely applied, the implications of how the method is appli... ver más
Revista: Algorithms

 
Yabin Tao and Ruixin Zhang    
Low-disturbance mining in surface mining (LDM) can transform traditional surface mine production systems into a more sustainable model by reducing the disturbance of surface mining, minimizing pollutant emissions, and reducing ecological impacts. The pur... ver más
Revista: Applied Sciences

 
Daniel O. Aikhuele and Shahryar Sorooshian    
Railway infrastructure is generally classified as either fixed or movable infrastructure assets. Failure in any of the assets could lead to the complete shutdown and disruption of the entire system, economic loss, inconvenience to passengers and the trai... ver más
Revista: Information

 
Juan Miguel Sánchez-Lozano, Eloy Peña-Asensio and Hector Socas-Navarro    
This study presents the implementation of Multi-Criteria Decision-Making (MCDM) methodologies, particularly the fuzzy technique for order of preference by similarity to ideal solution (TOPSIS), in prioritizing technosignatures (TSs) for the search for ex... ver más
Revista: Aerospace

 
Jiashuo Yu, Hanbin Xiao, Feiyue Sun, Likang Yan and Min Liu    
In the port domain, quayside container cranes are an indispensable component of maritime freight transport. These cranes are not only costly but also associated with safety accidents that often result in casualties and property loss, severely impacting p... ver más
Revista: Applied Sciences